Where is My Tax Refund?

| January 1, 2012

Where’s my tax refund? Within 72 hours after you e-file your taxes you should have access to information from the IRS about your return. Within 3 to 4 weeks you should know about a written tax return from the IRS. Recently a group of scams have been run on tax filers. Other people have received their tax refund checks and cashed them in lieu of the actual tax filers. When they did not receive their tax refunds, they were not expecting that someone else was benefiting from their money.

If you are depending on direct deposit for your refund, you must make absolutely certain that the information for your bank routing and checking are correct. If even one number is off, your refund could be lost forever. Most experts recommend that you always request a check. If it gets lost in the mail or someone else cashes it, the IRS is obligated to take legal action or administrative action to retrieve the funds. Eventually you would get your money from a lost check, not so with a direct deposit.

If it’s been more than eight weeks since you file your return and your check hasn’t been issued you should call someone in customer service at the IRS to see what the problem is. If your check was already mailed out and it’s been longer than 28 days, you can file a claim online for a replacement check.

If your address changes and somehow the check was mailed to the wrong address, you can change your address online and then file for a replacement check. To ensure that you receive your refund is to file your tax return and put accurate information on your tax return for a direct deposit. Your address change will not prevent you from being able to receive a direct deposit. So if you are planning on changing addresses around the time that your refund check would be mailed and you do not know what your new address will be, have the money direct deposited into you checking or savings account.

In the case of being scammed by unknown individuals, the best way to avoid this is to use professional tax preparers, not friends of friends who may not have standards of a judiciary. A fiduciary protects your personal information and does not use it for their personal financial gain. If the person you are dealing with is not a licensed fiduciary, they may not have those standards and they may keep your personal information somewhere that others can access it that may have even lower standards. To protect your information be sure to deal with people who are licensed to deal with sensitive financial information.

To be sure that your tax return is being handled by your trained tax preparer and then the IRS or state employees only, do not have just anyone prepare your taxes. Efile and use the correct banking information. If you’re moving get direct deposit not a mailed check. Check on the progress of your refund, a few days later for e-filed returns and 8 weeks later for paper returns. You should never have to wonder where your tax refund is with these pre-emptive maneuvers.

Category: Tax

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