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Is My Tax Refund on the Way?

Well, you survived the tax deadline this year. Many people had to pay money to the IRS, but just as many had a refund do. If you fall in this group, you might be wondering when your tax refund is going to come.

In truth, a tax refund is not a good thing. Yes, you read that correctly. How could it be a bad thing? If you get a tax refund year after year, then there is a problem with the amount of money you are paying in. This is especially true if the refunds are large.

Imagine overpaying your car payments by $500 dollars a year and then getting a refund at the end of the year. Think that is smart? Well, it is exactly what you are doing when you overpay your taxes. If this sounds smart, I would like to borrow some money from you.

Regardless, you want to know about your tax refund this year. No problem there. The IRS has made it a relatively simple task to figure out the status of your tax refund. Yes, shocking, but true. The IRS is actually being helpful. The end of the world must be near.

The first step to finding out about your refund is to visit the site for the IRS. You can find it by doing a search for IRS in any search engine. Displayed prominently on the home page you will see a link for finding out about your refund. Click it.

Once on the refund information page, you need to get some information together. You need to know your social security number, filing status and exact amount you claimed as a refund.

As you can see, the form is incredibly simple. Just fill in the information, click and wait for an answer. You will be told the refund date, that there was a problem delivering it to you or there is a problem with the return you filed and the refund is delayed.

If the status report shows there is a problem with your tax return, don’t panic. It can be something simple such as the computer is having problems reading it, some information is missing and so on. It does not necessarily mean you are going to be audited.

Even if you are audited, it is important to know that most audits are correspondence audits. You will get a letter in the mail raising some issue with your return. You can agree to the proposed change by the IRS or contest it.

A tax refund is glorious thing in the view of most people. There is nothing wrong with that view so long as you realize the feds are getting a free loan from you each year. Giving politicians free loans seems dubious to me, but to each their own.

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