I’m sorry to hear that... But let me just start by asking... Why in the world, is HRB charging that much to for preparation? Isn’t there a law against this type of price gouging?! One can only assume your a business owner, or something that entails a super difficult tax situation:/? But besides that, according to the IRS website, while many tax returns have been subject to scrutiny, for the most part, most tax returns file by a reputable source, HRB being one, would (in most simple filing instances) not fall under such criteria. But,, it’ is possible, if their new “computer system” caught a snag somewhere along the line... If it’s under review there are numerous reason why:
1.) You forgot to file ALL earned income (w2’s) from either current or prior years, as far back as 2017. Rather you worked and earned income for a couple weeks, or months, depending on the total earnings from one certain employer, it can be detected by their updated technology, which catches a lot of discrepancies that the IRS wouldn’t pay no mind to in their past.
2.) Your tax return consists of self employed, cash income and claim EIC with dependents.
3.) Mathematical error
4.) Someone other than yourself, also claimed a CTC, with the same social security number, got rejected and mailed in their paper tax return insisting they ought to claim this dependent.
5.) IRS needs to verify your identity.
6.) Simple mistake on your tax return such as dependent address different than your tax profile address.
7.) Your current tax return claims tax credits, that don’t reflect prior years tax credits especially if your claiming the EITC. The IRS has been aiming toward verifying all tax returns, since 2018’s tax season. Especially if tax preparations are being filed through online DIY sites like turbo tax and HRB’s DIY site.
These are just a few examples of why tax returns could be placed under review. This is a new thing and if anyone hasn’t gone through this, they might be in the coming years.
This hold up has hit millions of tax payers this year, and last. While most people file their taxes and already have plans for their refunds and have a pretty good idea when to expect it in their bank. This whole process has blind sided many to the contrary. No matter how big or small your refund is, or how much earned income, they are reviewing even the most vulnerable, and auditing any questionable returns. This year has been a roller coaster ride for many people, and tax filing. Beside the frustrating hold ups amid tax reviews, and all, this pandemic, has further delayed tax season even more. Since the IRS extended the tax date to July 15th for this tax season, by law they have until that date to have everyone’s tax returns completed. The Treasury Secretary stated that they will be calling their IRS personnel back into the office soon... In assumption, I’d imagine they will be back to work next week, to continue processing everyone’s refunds, follow up on correspondence, and finalize the remainder of this years tax returns.
