Filing taxes is a crucial part of managing personal finances, and it can sometimes lead to confusion, especially when you encounter the status “pending” on your tax return. This status can appear for several reasons, each with its implications and steps for resolution.
When your tax return says “pending,” it means that the IRS has received your tax return but has not yet approved or processed it. This status is common and usually resolves itself without the need for action. However, understanding the reasons behind it can help alleviate any concerns.
Understanding the pending status on your tax return
The “pending” status on a tax return generally indicates that the Internal Revenue Service (IRS) has received your submission but has not fully processed it yet. This initial phase in the tax return process is crucial, as it lays the groundwork for the assessment and eventual refund or payment due.
Common reasons for a pending tax return
Several factors can contribute to your tax return being labeled as pending. These include, but are not limited to:
- High volume of returns: During peak filing seasons, the IRS deals with millions of returns, which can slow processing times.
- Errors or inconsistencies: Mistakes on your tax return, such as incorrect Social Security numbers or mismatched income reports, may cause delays.
- Review for potential identity theft or fraud: The IRS may flag returns for additional review to protect against fraudulent activity.
- Complexity of the tax return: Returns that include numerous deductions, credits, or income sources may require extra review time.
How the IRS processes tax returns
The process involves several stages, starting with the receipt of your return, followed by an initial review to ensure basic information is correct and complete. If the return passes this initial check, it moves on to more detailed examinations, including verification of income, deductions, and credits claimed. This process can be swift or time-consuming, depending on the complexity of the return and the current workload of the IRS.
What to do while your tax return is pending
Patience is key during this time. The IRS advises waiting for a specific period before taking action:
- Electronic filings: Wait at least 21 days after electronically filing your return before inquiring about your refund status.
- Paper filings: For those who file by paper, wait up to 6 weeks before checking on your return.
In the meantime, you can monitor the status of your return using the “Where’s My Refund?” tool available on the IRS website or the IRS2Go app.
Steps to take if your tax return remains pending
If your tax return’s status has not changed after the recommended waiting period, consider the following actions:
- Contact the IRS directly to inquire about the delay. Be prepared with personal information, such as your Social Security number and tax return details, for verification.
- Review your tax return for potential errors or omissions and correct them if necessary.
- If you suspect identity theft or fraud, report it to the IRS immediately.
How to prevent future pending status on your tax return
While not all pending statuses can be avoided, certain practices can reduce the likelihood of encountering this issue:
- Double-check your return: Before submitting, verify all information for accuracy.
- File electronically: Electronic filings are processed faster than paper returns and have lower error rates.
- Consult a professional: If your tax situation is complex, consider hiring a tax professional to prepare your return.
Conclusion
Finding your tax return in a pending state can be unsettling, but it’s often a normal part of the tax filing process. By understanding the reasons behind this status and taking appropriate action if necessary, you can navigate this situation effectively. Remember, the key is patience and ensuring accuracy in your tax filings to facilitate a smoother process with the IRS.
