IRS clarifies some common myths tax season
IRS YouTube video:
Do you claim the EITC and ACTC? Your refund may be delayed: Spanish
IR-2018-20SP, February 7, 2018
WASHINGTON – With the tax season in full swing, the Internal Revenue Service today offered taxpayers some basic tips on taxes and reimbursements to clear up some common misconceptions.
Myth 1: All refunds will be delayed
The IRS issues more than nine out of 10 refunds in less than 21 days. Eight out of 10 taxpayers get their refunds faster by using electronic filing and direct deposit. It is the safest and fastest way to receive a refund and is also easy to use.
While nine out of 10 federal tax refunds are issued in less than 21 days, some refunds may be delayed, but not all. By law, the IRS can not issue refunds for tax returns claiming the Earned Income Tax Credit (EITC) and the Additional Child Tax Credit (ACTC) before mid-February. The IRS began processing tax returns on January 29.
Other statements may require additional review for a variety of reasons and take longer. For example, the IRS, along with state and national partners of the tax industry, continue to strengthen security patches to help protect against identity theft and fraud refund.
Mito 2: delayed reimbursements, those who claim the EITC and / or ACTC, be delivered on February 15
By law, the IRS can not issue refunds before February 15, no tax return claiming the EITC or ACTC.El IRS estimates that the earliest that these related EITC / ACTC repayments reach bank accounts and cards debit taxpayers is starting on February 27,as long as the taxpayer has chosen direct deposit and no additional problems with the tax return. The IRS must retain full refund, not only the part related to these credits.
See page tracking for taxpayers who claim the EITC and ACTC(in English), and page FAQ about refunds for additional information.
Myth 3: Order a transcript tax is “secretly” to obtain a redemption
Order a transcript of taxes will not help taxpayers to know whento get a refund. The IRS emphasizes that information in a transcript does not necessarily reflect the amount or timing of a refund. While taxpayers can use a transcript to validate previous tax income and marital status for applications for mortgage, student and small business loans, should use “Where’s my refund?” to check the status of your refund.
Myth 4: Call the IRS or a tax professional provide better repayment date
Many people mistakenly think that calling the IRS or your tax professional is the best way to know when to get the refund. Actually, the best way to check the status of a refund is online, through the tool ” Where’s My Refund? ” At IRS.gov or mobile application IRS2Go .
The IRS updates the status of reimbursement once a day, usually at night, so consult more than once a day will not generate new information. “Where you are my refund?” has the same information available for telephone attendants IRS, so you do not need to call unless the tool suggests.
Myth 5: Call the IRS is the most convenient way to get answers to questions about taxes or refunds
The IRS encourages people to first log on IRS.gov before calling the agency. The IRS website provides many tools for self – service for individuals, businesses and tax professionals. For example, taxpayers can see their tax bill , get answers to common questions such as eligibility for tax benefits or find helpwith free tax preparation.
Myth 6: The IRS will call or send an email to taxpayers on refund
The IRS does not initiate contact with taxpayers by email, text messages or social networking sites to solicit personal or financial information. Recognize the signs of a scam. See: Howto tell if it is the IRS who knocks on your door .
The IRS NEVER:
- Called to demand immediate payment using a particular payment method, like a prepaid debit card, a gift card or bank transfer. Generally, the IRS will first send an invoice if taxes are owed.
- Threatens to bring local police or other enforcement groups to have him arrested for nonpayment.
- It requires that taxes be paid to the taxpayer without giving opportunity to challenge or appeal the amount owed.
- Asks numbers credit card or debit card over the phone.
The IRS reminds taxpayers that have a variety of options to get help filing and preparing your tax return on IRS.gov. Taxpayers can also, if eligible, receive help from a community volunteer. Page Presentation tax for individuals on IRS.gov provides complete information about display options and assistance.
About 70 percent of the country’s taxpayers are eligible for Free File IRS. Business partners IRS offer free individuals and families with incomes of $ 66,000 or less branded software. The option of interactive online forms provides electronic versions of IRS paper forms to all taxpayers, regardless of income. Before you begin, visit our pages of help and user guide of interactive forms, both in English.
Voluntary Aid programs Taxpayers (VITA) and Tax Counseling for the Elderly (TCE) offer free tax help to people who qualify. Visit IRS.gov and enter “free tax preparation” in the search box for more information and find a VITA or TCE site nearest you, or download the mobile application provider IRS2Go to find a free tax preparation.
The IRS also reminds taxpayers a tax professional trust can provide useful information and advice on the constant changesin the tax code. The tips for selecting a tax preparer (in English) and details about national tax professional groups (in English) are available at IRS.gov.