Topic 152 Refund Information - YouTube

Channel: Maths Platter

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join the eight intent taxpayers who get
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their refunds faster by using efile and
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direct deposit you have several options
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for receiving your federal individual
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income tax refund the fastest way is by
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direct deposit into your checking or
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savings account including an individual
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retirement arrangement you can also
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request a deposit to a Treasury direct
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online account to buy US Treasury
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marketable securities and savings bonds
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you can also purchase of u.s. series I
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savings bonds up to five thousand
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dollars or you can also receive your
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refund by paper checks sent to the
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address listed on your return new this
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year you can also choose to direct
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deposit part or all of your refund into
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a Myra account Myra is a new retirement
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account from the United States Treasury
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you must have an existing Myra account
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before you file your return and your
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routing number and account number to
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direct deposit your refund go to meyer
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gov for more information if you choose
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to receive your refund by direct deposit
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there is an option to split your refund
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into as many as three separate accounts
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for example you can request that IRS
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directly deposit into a checking a
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savings and a retirement account by
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completing form 8888 allocation of
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refund including savings bond purchases
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and attaching it to your income tax
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return this option is not available if
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you file form 8300 seventy nine injured
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spouse allocation as a reminder your
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refund should only be directly deposited
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into accounts that are in your own name
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your spouse's name or both if it's a
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joint account please note to receive
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your refund by direct deposit weather
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into one account or more the total
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refund amount must be one dollar or more
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in an effort to combat fraud and
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identity theft
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the IRS limits the number of direct
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deposits into a single financial account
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or prepaid debit card to three refunds
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a year taxpayers who exceed this limit
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will receive a notice and a refund check
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refunds for electronically filed returns
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process within 21 days of the e-file
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acceptance date refunds from mailed
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paper returns process within six to
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eight weeks from the date the IRS
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receives it even though the IRS issues
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more than nine out of ten refunds in
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less than 21 days incomplete or
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inaccurate tax returns may require
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further review and could take longer
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than the normal processing time IRS
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representatives can research the status
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of your return only if it has been more
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than 21 days since you received your
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efile acceptance notification or more
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than six weeks since you mailed your
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paper return or if where's my refund
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directs you to contact IRS whereas my
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refund has the most up-to-date
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information available about your refund
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use it to get your personalized refund
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status the tool is updated once a day so
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you don't need to check more often you
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can also download our free mobile app
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years to go from an iPhone or Android
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device both are available 24 hours a day
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seven days a week you can start checking
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on the status of your return within 24
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hours after we have received your efile
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to return or four weeks after you mail a
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paper return have your 2015 tax return
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handy so you can provide your social
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security number your filing status and
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the exact whole dollar amount of your
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refund shown on your return if you don't
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have internet access you may call the
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refund hotline that eight hundred eight
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to nine one nine five four where's my
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refund includes information for the most
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recent tax year filed in the current
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year and does not include information
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about amended returns to check the
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status of an amended return use where's
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my amended return the where's my refund
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tool includes a tracker that displays
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progress through three stages
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one return received to refund approved
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and three refund sent where's my refund
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will provide an actual personalized
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refund date as soon as the IRS processes
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your tax return and approves your refund
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where's my refund provides the most
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accurate and complete information IRS
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has unless where's my refund tells you
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to IRS
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there's no need updates to refund status
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are made no more than once a day usually
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at night processing times may take
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longer under the refunds from amended
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returns which are generally issued
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within 16 weeks refunds of injured
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spouse claims may also take longer time
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to process refund claims with an
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application for an individual taxpayer
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identification number attached also take
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longer time to process if you receive a
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refund to which you are not entitled or
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for an amount that is more than you
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expected do not cash the check until you
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receive a notice that explains the
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difference then follow the instructions
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on the notice however if you receive a
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refund for a smaller amount than you
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expected you may cash the check if it is
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determined that you should have received
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more you will later receive a check for
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the difference you will also get the
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notice explaining the difference follow
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the instructions on the notice in the
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event that your refund check is lost
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stolen or destroyed the IRS will help
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you in obtaining a replacement check
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