GaslessInSeattle wrote:It sounds like it's not so random. our refund status on the IRS web site has been "Your tax return has been received and is being processed" for many months. We filed in early February and it's getting kind of nerve wracking. It appears that a few things could be adding to the delay. Our tax person has called and found that they are "investigating" the claim and that the main red flag is the EV credit. Our accountant told us we are in IRS limbo land, (text snipped) .... In hind sight, our accountant suggests trying to avoid ever having a refund over $10,000, as it automatically flags your account.
I was a little concerned reading this thread about fed tax returns with EV credits randomly being held up, esp. with refunds >$10k .... Surprisingly, we received our CA tax refund within 5 days of our preparer e-filing (4/12). We're still waiting for our Fed refund, though it's only been a couple of weeks. We're expecting a >$10k refund on a return that is slightly complicated, even before the EV credit, which is pretty straight forward. Did we get plucked into 'IRS Limbo Land'?
Thankfully, you can check the website, http://www.irs.gov
, and click on "Where's My Refund" then on "Go Get My Refund Status." What a relief it was to read:
"Your tax refund is scheduled to be direct deposited on May 2, 2012. If your refund is not credited to your account by May 7, 2012, check with your bank to find out if it has been received ...."
So, we passed the '>$10k flag'. Afterall, we've experienced 'IRS Limbo Land' before and don't want to go back.