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Reasons for Tax Refund Delays - What can delay YOUR refund? Why its taking longer to get refund - YouTube
Channel: Money and Life TV
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oh no that no no do not do this
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no it can't be too late i'm gonna need
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the money i need to be able to pay the
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bill
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oh crap my wife's gonna kill me hello
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youtube I hope you are having a
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wonderful week I'm here to teach you
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reasons why your income tax refund might
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be the late some of these things are
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things you might be able to stop doing
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to get your refund even faster i'm going
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to teach you what those things are now
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you're going to want to watch this whole
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video because you're going to this video
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is going to help save you time from
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being on the phone with IRS regarding
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your refund and also it's going to give
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you peace of mind
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so what is more important than that
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eight reasons why your refund can be
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delayed coming right up right at you
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right now so stay tuned
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reason number one you're not be filing
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your return if you're filing by paper
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are you have been in the past
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stop it take that paper and throw it out
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no more paper for you no more do it
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electronically it's more secure the IRS
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will love you and you get your refund so
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much faster how much faster we're
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talking about a month faster if you do
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the electronic filing so make sure you
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eat well as number one number to make
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sure you're doing direct deposit
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once again no paper you do not want a
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paper check make sure that you had your
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bank account information entered and so
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that money can go directly into your
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bank account direct deposit safe simple
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and secure now with that bank account
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though make sure your spouse's name
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either you or your spouse's name is on
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that account if your name is not on the
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account that's where you're going to run
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into issue so make sure whatever account
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you set up or where you want that money
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to go make sure your name is on it
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you'll have no problem number three is
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airs on your return
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what kind of heirs filing status there's
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social security number air mathematical
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computation errors and best of all
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misspelling your own name believe it
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number four you filed it incomplete
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return what this means that you didn't
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fill out all the forms are you still out
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part of a form and it's missing
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information report very important
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information that's critical to the
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return maybe use its neighbor file and
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maybe you forgot to send some stuff in
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very common areas guys but it happened
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that will delay your refund
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that's why it is so important to make
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sure your return is accurate and
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complete before students in
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electronically or by papers number 5
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your refund will be delayed if you're
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trying to claim that burn income tax
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credit or the additional child
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tak care credit reason is the IRS is
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holding those refund to order in order
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to look at those credit extra carefully
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there's been a lot of broad over the
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years regarding the credits and they
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want to make sure that credit you're
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claiming is legitimate guys that's why
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they're going to hold on to that money a
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little bit longer the students your
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refund will be approved if you're trying
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to claim one of those credits is
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februari 15 but 40 tires website and the
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money will not teach your bank account
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until februari 20 so that delays on
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those refunds regarding those credits
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and just know it should be common thing
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it's probably going to be common going
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forward that year after your activism
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number six
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you're expecting a large refund I have
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news for you unfortunately if you're
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expecting a large refund expect the lake
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now the average refund her family
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according to the IRS is around 3200
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dollars at this point I'm if your refund
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is greatly and excessive that i'm
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talking tens of thousands of dollars
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it might take weeks are likely even
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months to receive your refund
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realistically the IRS is looking at
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these refund more carefully than ever
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before and they don't want to reach and
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release some money to anybody so it's
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going to take them longer to review and
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process your return
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you're probably going to have to call
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them to give them moving on your refund
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a little quicker at some point son I've
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seen it take as long and six months for
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helpful to receive the refund this
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particular refund amount was rather
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large it was around ninety thousand
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dollars but it took them around 6-7
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months to get that refund so just expect
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the lady that you have a large refund
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that
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expecting number 7 your 200,000 nothing
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like it sounds trust me but you did not
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name this one correctly in my opinion
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but in a nutshell what this is is if you
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file a joint return and your spouse
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let's say owes money to put student
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loans first-ever like to pass through
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student loans this is just one example
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then they refund expected to be received
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might be intercepted by the government
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or state agency and taking the pays off
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those student loans
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I've actually had that happen to meet at
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one point and I didn't even file a joint
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return this my return personally in the
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past but the IRS and the state local
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governments do have that power to
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intercept your tax refund pay off debt
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if you want to read more about it i'll
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show you where is that an IRS website
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and i'll make sure i include
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descriptions down below if you feel that
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might be a case for you but now let's
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move on to the last and final one number
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8 type save the best for last and here's
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what is broad broad broad and my
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professional opinion the number one
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reason why your refund are being delayed
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the IRS have to take extra time and
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extra cautious to make sure that
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information on your return is correct
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before they can release the money to you
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and they just wanted more time to
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process your return and more times
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review
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you're recharged that is why it's taking
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longer on
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fortunately the IRS is the past two
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years watch millions upon millions of
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dollars and so I think going forward
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they're going to be even more careful
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and I just would anticipate refund
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taking longer and longer in the future
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so just be aware of that and realize
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that use being is a new way of life
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because of the fraud that we have to
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deal with at this point I'm alright guys
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that is all the information I have for
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you today if you have questions or
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comments about any of the stuff we
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discussed please leave it in the comment
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section down below
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I promise I will respond if you want to
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know is how to get your refund as fast
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as possible
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I've already made a video on that i'm
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going to include a link to that video at
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the end of this so you can go ahead and
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go ahead and watch that check it out and
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that will give you tips of ways to get
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your refund faster will instruct you
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when you actually do need to call the
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IRS regarding your refund etc so make
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sure you check that out
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I make new educational videos every
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single week
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these are videos designed to help you in
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the areas of finances investing taxes
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and more to make your life a little bit
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easier so if you have not already
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subscribed please make sure to do so
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that way do not miss any of our featured
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videos our channel updates
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thank you if you guys found this video
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helpful it would mean a lot to me if you
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hit the like button down below or give
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me a comment or feedback to let me know
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how i'm doing well ladies and gentlemen
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you have been a fantastic audience thank
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you so much for joining me today thank
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you for all of your love and support i
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hope you guys get your refund as soon as
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possible this year and you spin it on
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something good
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until next time i love you all take this
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information and go live your life
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uncaged by everybody else see you next
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week
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