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People have until May 17 to file their 2017 taxes and request their refunds.
The IRS says the process of recalculating taxpayer returns will stretch into the summer.
Many pass their income through partnerships and corporations. Others park money offshore.
The delay provides more time for both taxpayers and the IRS, given the pressure of the pandemic.
Individuals will probably get their American Rescue Plan payments within weeks. State and local governments will wait months.
The IRS shut down its offices due to COVID, creating a buildup of millions of pieces of unopened mail and unprocessed returns.
If the IRS has out-of-date information for your bank account, you may have to claim the stimulus as a credit on your 2020 taxes.
Cards are usually cheaper than checks. Unless there’s a dispute.
Many received PPP loans. And that means new tax questions for 2021 filings.
“Return free filing” is something 36 countries already do.