Tax Refund in 2021: Why You Still Don't Have Your Money
Автор: LYFE Accounting
Загружено: 2021-03-19
Просмотров: 21081
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Where your tax refund is? How you can get it faster? AND Why you may not get a tax refund in 2021 EVEN you are owed one. In this video, I will help you troubleshoot your refund for taxes.
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So if you haven’t received your tax refund in 2021 yet then I have about 4 to 5 steps that you can take to find out what’s going on.
In addition to the action steps, below are more things to consider which I explain in full detail in the video.
Watch this next "Tax Refund 2021 Ex-IRS Agent Explains" • Tax Refund 2021 Update: Still Processing? ...
#1 You owe taxes from a previous year
Because If you owe taxes then it is very possible that the IRS will see that and use any tax refunds to apply against your tax liability.
This is pretty clear, but I see all the time when clients just simply forget about the tax liabilities that they still need to pay off when thinking about their tax refund.
#2 You owe someone money
So if you owe someone money Like for example if you owe child support
Then it is very possible that your tax refund in 2021 can be garnished and used to support your other government liabilities.
Now you will likely know if the first two happens to you because the IRS will usually send a letter confirming how your tax refund was used to pay liabilities.
#3 and also very common ok, #3 your tax accountant took your tax refund to pay themselves.
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Disclaimer: The information provided in this video is for entertainment purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).
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