Donna Bordeaux warns that IRS refunds are delayed by over a year due to backlog. Instead of overpaying taxes, pay only what you owe when it's due to keep your money longer rather than giving the IRS an interest-free loan.
March 2, 2022.
me@donnaalculatedmoves.com.
At least a year.
Foreign I don't know if you remember what back in 2020 I told you don't depend on getting a refund from the IRS because it may take a long time. But unfortunately my prediction is we are now seeing a backlog of IRS insurance where it is taking people at least a year in some cases to get refunds. And even then it may be a challenge and a struggle based on losing information and not getting things processed timely, dealing with notices in between. So please, please do not plan overpay your taxes. As much as I can tell you over and over, your money should stay in your hands as long as possible. I'm not suggesting that you not pay the irs. I'm suggesting that you pay what you owe when it is due and not before. Then don't give an interest free loan on your money to the IRS because you may not even get it back. I'm Donna Bordeaux from Calculated Moves. Please follow us on Facebook, Instagram and LinkedIn. Make sure you check out our blog and our website from the link below. Subscribe to our YouTube channel and hit the bell to be notified when we post. Contact me email me@donnaalculatedmoves.com.
