On today’s IRS tax refund update with one week to go until the tax filing deadline we will take a look at the latest developments including the release dates for the next rounds of tax refunds scheduled for release, from there we will take a look at those who are still not seeing any updates to their refund status results or tax transcripts even months after filing, and the possible steps to take for assistance, and finally we will take a look at those impacted by delays under the 570 transcript code including one specific group of filers. Starting off with the latest developments as the next round of direct deposit tax refunds is scheduled for release on April 10th, now for those part of this latest refund batch most will receive that deposit the day of if not before, but allow up until April 15th for it to post to your bank account before initiating a payment trace with the IRS, meanwhile the next round of paper checks is scheduled for release on April 12th, now while most will receive those paper checks in the mail within 7 to 10 business days you must wait 30 days before initiating a payment trace. Moving onto those tax refund delays as we are hearing from a number of you who have not seen any updates to your refund status results or tax transcripts even months after filing, now first off for those of you who are only checking your refund status results we continue to advise you to check your tax transcripts and locate any 570 return hold or 810 refund freeze codes that could be the cause of your delay. However for those of you who are still seeing no tax return filed or no updates on your tax transcripts in over one month this has become a common occurrence specifically impacting those who filed in early to mid-February based on viewer feedback. Now the IRS is aware of this reported issue, however they will not indicate the reported cause simply informing taxpayers that their tax return is still being processed and to call back in the next two to four weeks for an update. We do suspect this is an issue of not all e filed tax returns being pushed into the system for processing even after being accepted by the IRS.


0:00 Introduction
0:30 New Tax Refunds
1:47 Tax Refund Delay Updates
2:56 Getting Assistance
4:27 Tax Transcripts
5:13 Refund Status Results
5:45 Closing


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Disclaimer: This is for informational purposes only and is subject to change. Material provided should not be considered tax, accounting, or legal advice. Please consult a certified tax consultant for tax advice.


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