Have you ever been curious about what happens after you file your taxes? Filing taxes is crucial for any individual earning an income. However, failure to pay on time might lead to paying fines and penalties.
For a while, I always wondered what happens after I file my taxes and after the IRS receives my return. Here are some explanations to break down your curiosity about what happens after you file your taxes using TaxSlayer and the final post tax process.
File Submission
After filing your taxes in due time, you should submit your returns to the TaxSlayer for final approval. TaxSlayer later stamps your returns before electronically sending them to the IRS for review. It is always highly advisable to keep your tax return records for future references and assessments.
Returns Review by the IRS
After your returns have been successfully sent to the IRS by TaxSlayer, they undergo a review process which might take 48 to 72 hours. The review process is crucial since it provides your personal information or details that help identify any additional and historical information on your past tax returns.
The review process also helps identify if you had claimed any tax breaks, which might require additional reviews and might also take more time.
Returns Acceptation/Rejection
Once the IRS has reviewed your returns, check if your information matches the IRS records. If not, your returns might be rejected, and you might be required to resubmit your returns.
On the other hand, if your returns match the IRS records, they are accepted and reviewed for the next step. However, if your returns are rejected, you should log in to the TaxSlayer account and resubmit your tax return information.
Refund
Refund only applies to those who paid excess taxes within a given period. A full tax reimbursement or refund usually takes around 21 days for the IRS to accept your refund. Also, to confirm your refund status, you can use IRS tools to check your refund process.
Also, if you have a smartphone, you can download the IRS2Go app, which is available on both Android and iPhone devices, to check for your refund status. Upon logging in, you will need to use your social security number to access your filing and refund status.
If there is no response from the IRS on your refund taxes after 21 days, you should call the IRS department or visit their offices. However, some refund taxes might take longer than others, as highlighted below.
- Returns associated with theft or fraud cases might take longer to refund
- Incomplete returns
- Returns that need further review and time for a refund
- Returns that require a correction to child tax credit
Would You Like to File Your Tax Returns?
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