Many PA residents are asking themselves \u201cWhere is my PA tax refund?\u201d<\/p>\n
In our March 15, 2016 blog<\/a>, we explained how taxpayers can check on the status of their IRS, PA, NJ and DE income tax refunds. The PA Department of Revenue (DOR), concerned about identify theft, has developed a complex algorithm to minimize the likelihood of refunds being paid to scammers. While the PA DOR will not make public its algorithm, it recently shared why some refunds are delayed.<\/p>\n Reasons cited by the PA DOR included:<\/p>\n \u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Taxpayer\u2019s return shows a new address from that used in prior years.<\/p>\n \u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 The taxpayer has historically requested that a refund check be issued, and has requested a direct deposit of the refund in the current year.<\/p>\n \u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 A new bank account is used this year than that used in prior years.<\/p>\n \u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 The taxpayer has requested that the refund be made in the form of a debit card.<\/p>\n If anyone has been reading news articles about how identity theft scammers work the system, the above checks by the PA DOR make sense in that these fit the methods used by ID theft scammers.<\/p>\n If a taxpayer is habitually receiving significant PA personal income tax refunds, he should meet with his tax professional and make sure that only the minimum amount (the amount paid to avoid underpayment penalties) of PA taxes are being paid during the year.<\/p>\n If the taxpayer makes estimated tax payments to PA, an alternative to requesting a refund is to instruct PA to credit the overpayment to next year\u2019s estimated tax payments.<\/p>\n If you want to discuss your business or personal tax planning<\/a> and tax preparation<\/a> concerns with an experienced tax professional, we invite you to call 610-594-2601<\/a> today to make an appointment at our Exton PA CPA office<\/a> to discuss your situation. You can also schedule a consultation at Click Here<\/a>.<\/p>\n Many PA residents are asking themselves \u201cWhere is my PA tax refund?\u201d In our March 15, 2016 blog, we explained how taxpayers can check on the status of their IRS, PA, NJ and DE income tax refunds. The PA Department of Revenue (DOR), concerned about identify theft, has developed a complex algorithm to minimize the […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[4],"tags":[],"class_list":{"0":"post-1963","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-pennsylvania-tax-news","7":"entry"},"aioseo_notices":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9W9tf-vF","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/keysolutions.us\/blog\/wp-json\/wp\/v2\/posts\/1963","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/keysolutions.us\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/keysolutions.us\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/keysolutions.us\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/keysolutions.us\/blog\/wp-json\/wp\/v2\/comments?post=1963"}],"version-history":[{"count":6,"href":"https:\/\/keysolutions.us\/blog\/wp-json\/wp\/v2\/posts\/1963\/revisions"}],"predecessor-version":[{"id":1970,"href":"https:\/\/keysolutions.us\/blog\/wp-json\/wp\/v2\/posts\/1963\/revisions\/1970"}],"wp:attachment":[{"href":"https:\/\/keysolutions.us\/blog\/wp-json\/wp\/v2\/media?parent=1963"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/keysolutions.us\/blog\/wp-json\/wp\/v2\/categories?post=1963"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/keysolutions.us\/blog\/wp-json\/wp\/v2\/tags?post=1963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Copyright \u00a9 2016 Keystone Financial Solutions, P.C. All rights reserved. BE SURE TO READ THE DISCLAIMER PAGE: Content in this blog is for educational purposes only and should not be considered as the rendering of tax, legal or investment advice. The publisher of this blog makes no representations as to the accuracy or completeness of any information herein, will not be liable for any errors or omissions, and shall not assume liability for any losses, injuries, or damages from the display or use of this information.<\/strong><\/h6>\n","protected":false},"excerpt":{"rendered":"