How Long Can the IRS Hold Your Refund for Review?
1. When Further Review Might Happen: While the IRS aims to process returns efficiently, sometimes additional scrutiny is necessary. This may occur if your return has complicated calculations, potential discrepancies, or appears to need verification to prevent fraud.
2. No Fixed Time Limit: Unfortunately, there’s no legal deadline for the IRS to issue a refund if it’s under review. While most reviews happen within a reasonable timeframe, delays can stretch for weeks or even months in some cases.
3. Proactive Steps for Concerned Taxpayers: If your refund is significantly delayed with no updates on “Where’s My Refund?”, you have several options:
- Contact the IRS directly at the number provided on their website. Be prepared for long wait times.
- Consider working with a Taxpayer Advocate (https://www.irs.gov/advocate). This service helps taxpayers resolve complex issues like extreme delays or hardship.
It’s important to be patient during a review, as rushing the IRS is unlikely to expedite the process.
How Long It Take for IRS to Approve Refund?
Getting a tax refund can feel like a welcome financial boost. After all, it’s your own money coming back to you. But the waiting period for that refund can be nerve-wracking, especially if you’re counting on it. So, how long does it really take for the IRS to approve your refund? The truth is, it varies. However, understanding the general process and the factors that can influence the timeline will help you manage your expectations.
Table of Content
- How Fast Do Most Refunds Get Processed?
- Factors That Can Delay Your Refund
- How To Check Your Specific Refund Status?
- How Long Can the IRS Hold Your Refund for Review?
- Conclusion