What would be a reason the IRS would put a hold on your income tax return?
My husband is deployed right now, so I filed our income tax with a POA, everyhting was going good and then today the lady from H&R block said they could not give me my return because the IRS has a hold on it. She said it may be for past debt to the IRS, but neither I or my husband do! So could there be another reason?
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to find a way to take it all from you.
It maybe due to owing money from previous taxes, owing a financial company (student loans, etc), or back child support.
Unpaid and overdue school loans, or overdue child support would be two possibilities. Also any other debt to the feds or state.
You could call the IRS and ask them.
Good luck.
The IRS routinely holds refunds for a week longer than the normal cycle for the purpose of verifying some of the information on the return manually. They do this to about 5-10% of ALL returns every week. They have been doing this for 15 year or more.
The IRS will hold a refund up even longer if A)they suspect fraud; B) there is a genuine problem, such as someone e-filed and then mailed in a paper return within days of e-filing, C) there is an outstanding debt owed to a government agency.
The IRS WILL NOT tell your preparer why there is a hold. They will not tell you either. It’s their perogative to hold your refund for up to 46 days without a reason. If they hold it longer, you are entitled to interest.
Enrolled Agent