IRS Debunks Five Tax Refund Myths

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The IRS says when it comes to tax refunds, a few common myths keep circulating and misinforming taxpayers. IRS lays out these key facts to help you understand the refund process. Taxpayers who file electronically and use direct deposit can expect their refund faster than those who mail a paper return, especially since the COVID-19 outbreak has reduced IRS staffing available to process paper returns. Taxpayers who file a paper tax return are likely to face processing and refund delays.

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Original Article Source Credits: Forbes ,

Article Written By: Robert W. Wood

Original Article Posted on: Jul 16, 2020

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