Some common issues which may extend processing times: You filed your return on paper. (2021), Can I Deduct State Income Tax On Federal Return, How Do I Find My Old Tax Returns On Turbotax, How Do You Report Plasma Donations On Taxes, How To Look Up Ein Numbers For Tax Purposes. Visit rsmus.com/about for more information regarding RSM US LLP and RSM International. Originally, this benefit was unavailable to companies that received PPP funding; however, this changed in December. If you are using the Where's My Refund tool and see a generic message accompanied by "Tax Topic 152", consider this IRS tax jargon. Tax Topic 152 does not imply that it will be altered; rather, it merely implies that your refund claim has been approved and will be processed soon, barring any unforeseen circumstances. noida sector 152 delhi infratech Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. NEWS: Tuesday Transcript Updates, Corresponding WMR Update Wednesday Next Update Calendar. How Tax Returns Are Selected for Review. Hi lisa i have filed my taxes with hr block they got accepted jan 27th im using the emerald card to get my refund back when i call the card it say my Federal taxes are complete but i did claim the earned income credit when should i expext my refund deposited? Best, The only Tax Return Lifetime Guarantee. When I went to wmr February 16. Its June1st now and still havent received anything! Overview and How it Works, How can I become a Tax Lawyer? I filed my 2020 tax return on May 12, 2021. Unlike other codes that a taxpayer might encounter, Tax Topic 152 doesnt require any additional steps from the taxpayer. Individual Taxpayer Identification Number (ITIN) for taxpayers without a Social Security number Individual and company filers can use these codes to gain insight and share information about what is occurring with their tax return, why there are processing delays when a refund will be given, and why it was smaller than expected (offsets). Recommended Reading: Square Dashboard 1099. Federal payments, such as tax returns, can be collected by permitted entities before being given to you, according to the law. [deleted] 2 yr. ago. Hi lisa my tax return was accepted on Feb 4th and its now going on Feb 18th I claimed the eic and the actc,Im hoping its here by the 20th due you know if this wait time is normal its says there still processing my return and my federal taxes are complete, What does it mean when you filed last month and your taxes are still being processed, I got an email saying to sign in to my turbo tax account to find out my estimated date on when to get my refund but when I do it doesnt say anything except that its been excepted. For more information, see our detailed write-up on IRS Code 9001. The Return Received status may remain longer than you were expecting. Topic 152 is a code that the IRS uses to tell the status of each group of refunds. THE IRS tax deadline passed on April 18 and more than 122.5million tax returns have been received so far. Dont panic, it happens. Report comment, Has anyone file for there 2021 tax return and gotten a date yet? The most common reason for the IRS to review a tax return is something called the Discriminant Function System (or DIF) score. With a expected date for February 18. If you did not receive the full amount of these payments you may qualify for a Recovery Rebate Credit based upon your 2020 Adjusted Gross Income. However, you can contact the IRS directly if you have concerns or if several weeks have passed and the status of your return remains in the Wheres My Refund? dashboard. 239 Buxton Road, Winnipeg, Manitoba, R3T0H4 also comes with the following amenities: washer, refrigerator . Please help us improve our content by removing questions that are essentially the same and merging them into this question. tool directs you to contact them. As of Feb . Tax Topic 152 also covers information on how to check the status of your refund. 6. These considerations are causing many taxpayers to consider utilizing their $11.7 Million exemption today or update estate planning to ensure they can minimize the effects of potential changes. So on the February 9, 2019 I went to irs gov wheres my refund so I put my information in and it said I have to wait 24 hours after i get my email saying I been accepted.. when i add my spouse as joint my refund is less. Some taxpayers not ordinarily required to file a tax return may benefit because of this credit. Your next step is to identify the code and see if any action is required. If your question is regarding a refund; here is some information to help. IRS representatives can research the status of your return only if: However per the IRS; a phone representative can research the status of your refund if its been 21 days or more since you filed electronically or, more than 6 weeks since you mailed your paper return or if the Wheres My Refund? Sometimes you will get a deposit date but still contains still processing, and in addition to that, the IRS 152 notice will also disappear. The reasons will likely be the same, but hopefully the severity will be far less. Well first, heres a screenshot from one of our readers who got the 9001 error on 2/5, and now has a direct deposit date: Second, still dont believe me? The IRS will send you a report and/or letter that will explain the . If you notice this tax topic soon after your return is filed, theres no reason to be concerned. Individuals In September 2022, UT saw a 35% jump in GST collection at 206 crore. Tax Topic 152 is an IRS reference code that some taxpayers may see when checking the status of their refund using the IRS' 'Where's My Refund?' tool. You will need to enter 3 things to get started: 1) Your Social Security number or Individual Taxpayer Identification Number, 3) The exact whole dollar amount of your expected refund. In general, refund information under Tax Topic 152 refers to the refund of a tax statement. 9. In less than a month, the agency has already processed nearly 27 million of them, a 13.6% increase from this time last year. For further information, you can also speak with a tax expert. The IRS has said in their guidelines that 90% of tax filers should get their. The IRS updates you with Your refund has been approved. When I checked on wmr the bar was showing refund has been accepted and is being processed with a 152 tax topic. You may have friends who had this status displayed on their page for only a few days and yours has remained much longer. In most cases, youll even be issued an approximate date to expect your money to arrive. With 15 enrolled IRS Agents on staff, they can help you with resolving your tax issues and moving on with your life. Turbo Tax helps walk you through these steps when filing your return. Employee movement may have net positive results. page is the best place to get personalized refund information when you need it. METHODS We conducted a cross-sectional study with an exploratory qualitative approach using semistructured interviews. Tax Topic 152 2021 is excellent because it attempts to notify a taxpayer who has applied for a refund that the claim has been approved and that the refund will be sent to the user through direct deposit, check, or letter as soon as possible. However, there may be some instances where a refund takes longer. Product name, logo, brands, and other trademarks featured or referred to within Banks.com are the property of their respective trademark holders. You can also reach out to a tax expert for assistance with any issues you may have when filing your tax return or receiving a refund. I have the same issue. (a) If authorized at an election held under Section 8458.151, the district may impose an operation and maintenance tax on taxable property in the district in accordance with Section 49.107, Water Code. I filed my 2020 tax return on May 12, 2021. If you are concerned about possible changes to the tax laws and the impact this may have on you, your family, or your business, now is a great time to meet with your advisors, attorneys, and CPAs to discuss the ever-changing environment. The Internal Revenue Service (IRS) is hard at work processing income tax returns but the covid-19 pandemic has put additional strain on the agency. Respond promptly to the IRSs request. That means that you can file now and be first in line for your tax refund! Went into offich Ask an Expert Tax Questions Barbara, Enrolled Agent Related Tax Questions H Nicole Rosen Director satisfied customers emc011075 Tax advisor and Enrolled A. Bachelor's Degree 8,080 satisfied customers satisfied customers In this guide, well discuss Tax Topic 152, what it means for your refund and other reasons your refund could be delayed. Discover what makes RSM the first choice advisor to middle market leaders, globally. This is the FIRST year the IRS needs to review my taxes. Anyone with an as of 3/06 seeing a ddd or any transcript movement? I have checked refund status and they say still being processed 152 Tax Topic . Inverness' latest accounts show they are 835,000 in the red for the year 2021/22 - 600,000 more than what they lost for the previous financial year. Cite this article: FindLaw.com - Texas Human Resources Code - HUM RES 152.0013. Going through the same situation.. as quickly as possible, the IRS urges people to prepare their taxes as soon as they have the information needed to file and choose e-file with direct deposit. In addition to publishing a tax topic on the subject of delayed returns, the "Where's My Refund" tool allows filers to check the status of their refund, as little as 24 hours after filing their return. This ensures that youre receiving the correct refund. 152 is an IRS resource that outlines possible reasons for tax return delays. The proportion of children landing a spot at their preferred schools for Year 7 falls by 0.4 per cent, according to data The proportion of pupils winning a place at their first choice of secondary . Tax Topic 152 isnt something that should get you bothered as it only means your tax return is going to take longer than expected. In short, your return is still in the processing stage. The taxes imposed by this act shall be governed in all respects by the provisions of the "State Tax Uniform Procedure Law," Subtitle 9 of Title 54 of the Revised Statutes, 1 except only to the extent that a specific provision of this act may be in conflict therewith. IRS Provides Tax Relief for Tornado Victims in Parts of, Tax Tips for Unemployment Income If Youve Been Laid Off, Lisa has over 20 years of experience in tax preparation. Another consideration many are making is do you convert an IRA to a Roth IRA and also offsetting the income effect with QCCs up to 100 percent of 2020 or 2021 AGI. However, a lot of people think they are verifying their identity when they call the IRS. Report comment, @Jan: check urs n see what it says. WHY WON'T I GET MY $600 CHECK UNTIL APRIL 2021 JA: Which check are you inquiring about (e.g., Social Security, stimulus, tax refund)? TurboTax does not issue or track refunds. Tax Topic 152 is an IRS reference code that some taxpayers may see when checking the status of their refund using the IRS' 'Where's My Refund?' tool. Will this delay my refund further than the typical 21 days? Starting on January 24, 2022, the Internal Revenue Service (IRS) officially kicked off the opening of the 2022 tax filing season and is now accepting and processing tax year 2021 e-filed tax returns. California Small Business Tax Guide: Your Questions Answered, Your Guide To 401(k) Hardship Withdrawals, How Enrolled Agents Can Help You with Tax Problems. With increases in tax rates expected in future years, taxpayers will have to weigh cash today versus potential greater future savings. Not at all. [deleted] 2 yr. ago. This status update does not mean your return was approved. It does not indicate a significant issue or error with your tax return or that you may not receive a refund, so theres no need to panic. This deduction has been extended into 2021 with an increase for joint filers up to $600. For instance, a single dependant may be claimed on many tax returns. (2023) LYFE Accounting 315K subscribers Subscribe 5.5K 187K views 1 year ago Seeing tax topic 152? What Do I Do If My Tax Return is Taking a Long Time? Ask Your Own Tax Question. Keep in mind this tax topic doesnt mean you made a mistake or did anything wrong when filing. Recommended Reading: How Do You Report Plasma Donations On Taxes. This can also create a powerful estate planning tool without requiring the contributing individual to take distributions during their life. Hi Lisa! Save my name in the browser for the next time I comment. No bars on your. Search Texas Statutes. 2023 Refund Cycle ChartThe most recent tax refund cycle charts have already been published. Employee Retention Credit (ERC):The ERC provides a payroll tax credit for certain taxpayers subject to a government shutdown or experiencing a significant reduction in revenues. 5. The IRS has been cracking down on identity theft for the last several years. Have you recently filed your tax return and are expecting a refund? Read more about ways you can support the grapevine! Table of Contents IRS Tax Refund Reference Codes If You Get a Reference Code on Your WMR IRS Tax Refund Reference Codes The extended refund release also gives the IRS more time to ensure taxpayers are properly claiming the credits, so they get the refund they are owed. You will receive an official IRS letter/report detailing the exact offset and adjustments to your tax return, as well as information on how to appeal this action but it will most certainly delay your refund. : you filed your return was approved is to identify the Code and see if any action is.. Into 2021 with an increase for tax topic 152 2021 filers up to $ 600 makes. How it Works, How can I become a tax return and gotten a date yet 3/06 a. Further than the typical 21 days % jump in GST collection at crore..., theres no reason to be concerned respective trademark holders 239 Buxton Road, Winnipeg Manitoba..., there may be claimed on many tax returns have been received so far ago. 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