A tax refund is a refund on taxes when the tax liability is less than the taxes that are paid. A taxpayer can often get a tax refund on their income tax if the tax they owe is less than the sum of the total amount of the withholding taxes and estimated taxes that have been paid, plus the refundable tax credits that they have claimed. This money is given back at the end of the financial year. Below are some of the most commonly asked questions about Tax Refunds answered by the Experts.
How long does it take to get a person’s tax refund back?
In most cases, processing a paper return could take the IRS about 6-8 weeks. To check the status of a tax refund, go to “where’s my refund?” by clicking on: http://www.irs.gov/individuals/article/0,,id=96596,00.html?portlet=106 In the event that the refund has been sent but not yet been received, get in touch with the IRS and ask them to do a trace on the refund and see if the check has been cashed. There is also a phone number listed on the “where’s my
refund?” result page that one can call incase the IRS has an issue with the tax return. By providing the reference number on the call, the IRS should be able to furnish further details about the status of the refund.
If a person’s refund check has not arrived, what form should they submit in order to get a tracer on it?
The form that needs to be submitted in this case is known as the Internal Revenue Service Form 3911. To access the form, click here: http://www.irs.gov/pub/irs-pdf/f3911.pdf
If a person’s tax refund has come up as missing in the last 24 hrs, what should they do?
In a typical case, a person may file a Taxpayer Statement Regarding Refund Form 3911 (Rev. 4-2009). However, much like a bank, the IRS will also go through a routine process to determine whether the refund check was cashed or not before they send the taxpayer a new one.
How can a person cash a tax refund check if their estranged spouse’s name is listed on the check, but the whereabouts of the spouse is unknown?