IRS Processing Updates Include Up To 20-Week Wait For Amended Tax Returns
Are you still waiting to hear something about the status of your client's tax return? The IRS has recently released information regarding filing and processing, and it's crucial for you to stay informed.
Suppose you are wondering about your client's tax return from this current year. In that case, it is important to note that the IRS prioritizes processing current-year original returns, especially those claiming a refund. Tax returns that reflect tax due are processed last. However, if you filed your client's return on paper and expect a refund, processing it could take four weeks or more.
As of May 13, 2023, the IRS reported an increase in unprocessed Forms 1040-X, amended returns, reaching a total of 1.43 million. This is a substantial rise of over half a million compared to previous years. The IRS is diligently working through these returns in the order they were received, but due to the current volume, the processing timeframe can extend beyond 20 weeks. With that in mind, keep from submitting the same return more than once, as it would only contribute to the growing backlog.
If the IRS requires additional information to proceed with your return, they will communicate with you through mail. It's important to note that if the IRS is currently processing your return or addressing an error, they will be unable to provide you with a specific refund date.
Stay informed about the processing of your return by regularly checking the "Where's My Refund?" tool or accessing your Online Account for potential updates.
Please be aware that the IRS's processing times and procedures are subject to change. Be patient and keep track of any updates provided by the agency.
Visit https://www.irs.gov/filing/amended-return-frequently-asked-questions for more information on amended returns.
