Why is my ATO refund taking so long?

Why is my ATO refund taking so long?

Why there may be a delay in processing your tax return Although most tax returns lodged online will be processed in two weeks, some tax returns may take longer to process. For example, if: you attempt to lodge your tax return again after previously lodging.

What happens if you file taxes late 2021?

Late-filing penalties can mount up at a rate of 5% of the amount due with your return for each month that you’re late. If you’re more than 60 days late, the minimum penalty is $100 or 100% of the tax due with the return, whichever is less. Filing for the extension wipes out the penalty.

Can a tax refund be delayed due to an audit?

You’re under audit from an earlier year: The IRS can delay your tax refund until it completes any audits. This is most common when the IRS is conducting a mail audit on your EITC or ACTC return from a prior year. Normally, you’ll receive IRS Letter CP88 indicating that your refund is frozen until the IRS completes the audit.

When does the IRS freeze your tax refund?

The IRS can delay your tax refund until it completes any audits. This is most common when the IRS is conducting a mail audit on your EITC or ACTC return from a prior year. Normally, you’ll receive IRS Letter CP88 indicating that your refund is frozen until the IRS completes the audit.

Why was my tax refund delayed by identity theft?

IRS identity theft filters sometimes delay returns and tax refunds until taxpayers verify their identities. If this happens, you’ll usually receive IRS Letter 5071C asking you to verify your identity.

Why is it taking so long to get my tax refund?

The IRS may also convert your refund from a direct deposit to a paper check. This will delay your refund but it is simply a security measure. It protects the IRS from sending money to a bank account it does not believe is yours. Many state governments have also said that they will take longer to process tax returns because of new security measures.