Easily Hide Line to the Refund Request Form

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How to Hide Line to the Refund Request Form

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okay for this video i wanted to quickly cover a request for a refund of fica taxes so fica taxes are payroll taxes withheld from your wages and so in certain cases in the u.s you might be exempt from fica taxes and so if you have them withheld from your paycheck you can file a refund claim to get those back so ive got one slide in front of us here with some of the rules and then an example uh form 843 which is the filing thats required in order to get this refund so generally if you are living and working in the u.s for a us-based employer your wages are going to be subject to federal payroll tax that is the baseline rule that applies to 99 of people that are living and working in the united states um the payroll tax is assessed under the um federal insurance contributions act thats where we get fica from and the tax rates um as of the end of 2021 um and going forward foreseeably here is going to be 6.2 percent um of social security tax and then a 1.45 medicare tax um these are asse

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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

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How long does it take for a refund to kick in?

Federal tax refund delivery time estimations Delivery typeEstimated delivery time (date filed receipt of tax refund)E-file with direct deposit1-3 weeksPaper file with direct deposit3 weeksE-file with refund check in the mail1 monthPaper file with refund check in the mail2 months 12 Jan 2023

How do you handle a customer who wants a refund?

How to handle refund requests from customers to maintain customer trust Make sure you have a clear refund policy. Respond to refund requests quickly. Keep your cool and stay professional. Explain your decision. Offer an alternative solution. Ask for some feedback.

What does a manual refund mean?

A manual refund, transaction code (TC) 840, is a refund that is not generated through normal Master File processing (TC 846).

How long does IRS manual refund take?

If you file a complete and accurate paper tax return, your refund should be issued in about six to eight weeks from the date IRS receives your return. If you file your return electronically, your refund should be issued in less than three weeks, even faster when you choose direct deposit.

Who gets the$ 200 Indiana refund?

To receive the $200 ATR refundable tax credit, qualified taxpayers must file a 2022 Indiana resident tax return no later than Dec. 31, 2023. That means some Hoosiers who do not normally file a tax return due to their income will need to file a 2022 state tax return to claim the ATR as a tax credit.

What is the difference between being processed and still being processed?

If your refund status used to be your tax return is still being processed, but now the status says it is being processed, the IRS may have detected an issue in your tax return that could cause a delay in the release of your tax refund.

What is the reference number 1242?

What Is IRS Reference Number 1242? IRS Reference Number 1242 is a code the IRS uses to notify you that your return has been selected for review. Your return will remain frozen in the IRSs system until the review process is complete. The selection process for code 1242 reviews is intended to be random.

Who is eligible for Indiana $125 refund?

This year, almost all Indiana taxpayers are due to receive a one-time $125 Automatic Taxpayer Refund from the state. Married couples filing jointly will get $250. The state is returning $545 million to Hoosiers after ending its fiscal year with a surplus.

How do you say no to a refund request sample?

Start by acknowledging the refund request and your steps in determining if it was valid. Then explain your decision to deny the refund. Use active language like, I looked into your situation and our refund policy does not allow one in this case. Consider indicating that you spoke to a manager to add to the authority.

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Hide Line to the Refund Request Form