@Irobro
Three reasons to wait:
- According to my Senator's office, they have many open cases of people who filed paper returns in 2020 that are still waiting for the IRS to process their return and issue refunds. The extraordinary delays for paper returns are well-known.
- At first, users of H&R Block reported that no Form 8960 was attached to their return which would be wrong if they are someone "Who Must File" according to the IRS's instructions. Then, after a few days, people started reporting that HRB was attaching a Form 8960 but Line 4b had $0. If their Schedule C income on Line 4a was non-passive, this means they are paying 3.8% in extra taxes on their Schedule C income.
- Users of other tax prep companies (e.g., TaxAct) are reporting the same error.
February 7, 2023
5:20 AM
