A group representing tax professionals, including the American Institute of Certified Public Accountants, is asking the IRS to extend the deadline for late filing refunds. While pleased with the “unprecedented” comprehensive relief, the institute said by letter For the IRS, the Sept. 30 cutoff is “unreasonable.” October 17th Deadline for those who received an extension to file their 2021 returns.
IRS spokesman Eric L. Smith said the agency was aware of the extension request but that there were no changes to report. He said the agency has not estimated how many taxpayers may be affected by the Sept. 30 deadline. One Chuck Rettig said reducing penalties was a “complex issue” to manage.
Here are some questions and answers about reducing late filing penalties with the IRS.
Do I need to take any action to get the penalty refunded?
According to the IRS, no application is required and no phone calls are required. Any penalties paid will be automatically credited or refunded. Most eligible taxpayers will receive their refunds by the end of September. However, the return must be submitted by September 30th.
According to Collins, the “overwhelming majority” of filers will receive checks mailed to addresses registered with the IRS. blog post.
How can I check the status of my penalty check?
The best way to check if relief is applied is to use online account Collins says check irs.gov for your tax certificate. That way, you can avoid long waits on the IRS phone lines.
Due to the size of the relief program, checks can take longer to process, creating potential “speed bumps,” Collins said. She advised taxpayers to be patient and wait until after November 30th before contacting the IRS to ask about penalty checks.
What if I moved after my last tax return?
Taxpayer advocates say they risk getting their refund checks “lost” if they’ve moved since their last tax return was filed. Therefore, proponents said that “no time should be wasted.” Address update You will need to call the IRS at the IRS or mail the form. According to the IRS website, it can take up to six weeks for a change of address to be fully processed. It may be faster to update your address online using United States Postal ServiceHowever, according to the IRS, not all post offices forward government checks, so you should notify the IRS.