A few weeks ago, I wrote that it looked like the IRS would not be publishing a refund chart this year. This chart gave tax pros a tentative date when a client could expect that their refund would be direct deposited or a check mailed.
Well it's official. The IRS has posted this year's Pub 2043 and there is no chart. Pub 2043, IRS Refund Information Guidelines for the Tax Preparation Community, seems more geared to the taxpayer than the tax pro this year. The one page flyer discusses using Where's My Refund, gives taxpayers tips on filing an accurate return, and warns about spending the refund before you actually receive it.
Bottom line message is that last year 90% of all refunds were processed in less than 21 days and the IRS expects that happen this filing season. But that it can take longer if there is a question about the return or certain forms are involved. Where's My Refund will not provide an estimate refund date this year. Once a definitive date has been set, then the IRS will add a date.
Clients are not going to like this at all.
Thanks to Cindy Galford for letting me know the new chart had posted.