A worrying trend of postponed tax filings has been noticed amongst taxpayers in Reno, Nevada. This delay occurs even when claimants have rightful claims to refunds. Many seem to be intimidated by the complexities of the tax filing process. Furthermore, the lack of trustworthy resources that simplify the task exacerbate the problem.
This unexpected pattern not only induces financial pressure for citizens, but it also interferes with the operations of tax authorities. A range of constructive actions are needed to rectify the situation, from improving the tax process to introducing easier filing methods. Educational programs focusing on the importance and benefits of prompt tax filing could also help.
The IRS (Internal Revenue Service) is attempting to communicate with these procrastinators to inform them about their due refunds from 2020. To reach out to these taxpayers and ensure they receive their refunds, the IRS is implementing several measures. The primary focus is on those individuals who didn’t file a return for 2020.
As part of the IRS’s initiative, diverse strategies like letters, direct calls or emails may be employed to reach out to these taxpayers. The goal is to inform them about the refund amount they’re eligible for and guide them through the process of claiming it.
Navigating delayed tax filings in Reno
Taxpayers are strongly encouraged by the IRS to respond timely and correctly to successfully yield their refunds.
Taxpayers can choose their preferred refund receivable mode, whether that’s direct deposit into bank accounts or a conventional paper check, as highlighted by Jackson Hewitt professional Bruce MacKinnon. Regardless of the method, taxpayers are advised to ensure their preferred way is clearly demonstrated on their returns to avoid any potential complications or delays.
Unclaimed refunds from 2020 has summed up to exceed one billion dollars. Recipients have up until May 17, 2024, to lodge a return without incurring any penalties or late fees. Regardless, about 10,200 Nevada residents have not yet laid claim to their 2020 tax refunds.
Tax seasons often rile up fraudulent activities where fraudsters use an individual’s social security number to lodge a deceitful tax return. This often leads taxpayers to shift their filing mode from electronic to paper returns. As a result, the IRS spends over three months to deal with such cases. This not only stretches the capacity of the IRS’s resources but also adds significant discomfort and stress to the victims of such tax-related scams.
In order to safeguard themselves against fraud, MacKinnon recommends that taxpayers should subscribe to the IRS’s pin number program. He also emphasizes the crucial need for correct and prompt filing of tax returns to guard against potential fraud and to receive the refunds.
