Here is a quick video to let you know about the latest tax refund update by the IRS for 2022. If you’re an individual and you’re still waiting for your IRS federal tax refund, then this video is for you.
Later in the video, I’ll go over some problems with the IRS and some potential fixes.
As of April 22nd, 2022, the IRS had 9.8 million unprocessed individual tax returns. Of these. 3.6 million returns require error correction or other special handling, and 6.2 million are paper returns waiting to be reviewed and processed.
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Disclaimer: Any accounting, business or tax advice contained in this article, is not intended as a thorough, in-depth analysis of specific issues, nor a substitute for a formal opinion, nor is it sufficient to avoid tax-related penalties. If desired, I would be pleased to perform the requisite research and provide you with a detailed written analysis. Such an engagement may be the subject of a separate engagement letter that would define the scope and limits of the desired consultation services.
