Are you one the unfortunates still waiting for your tax refund on your timely filed 2019 or 2020 return?
You are not alone there are millions of others are in the same boat, not that this makes you feel any better.
As of June 25, IRS had a backlog of 16.7 million 2019 and 2020 individual returns that require manual processing by agency employees. Some of these are paper returns. Others were suspended during electronic processing and need further review. Unfortunately, there is not much that you as the taxpayers or we as preparers can do about the delays, other than wait for the IRS to do their job.
But there are reasons for some hope. IRS expects to complete the processing of 2019 Forms 1040 that were filed on paper sometime this summer. And new returns are now trickling into IRS at a slower rate than during the midst of filing season.
Feeling any better yet? Didn’t think so…