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The IRS lists the following issues that might extend the tax refund processing time and delay your refund: Amended return refunds take about 16 weeks You’re filing an injured spouse claim
The second tax, the processors tax, applies to the processing of natural resources. It also is based on the taxable value of the natural resource. Timber processing is taxed at 0.375% of taxable value; processing of potash and molybdenum is taxed at 0.125%; and processing of all other resources is taxed at 0.75%. [27]
New Mexico Taxation and Revenue Department; Department overview; Type: Taxation & Revenue Services: Jurisdiction: State of New Mexico: Headquarters: 1100 South St. Francis Drive Santa Fe, New Mexico 87504-1028: Employees: 803: Annual budget: US$ 90,078,526.00 [1] Department executive
You can use the state’s Where’s My Refund application to check the status of your refund when NCDOR begins processing returns. To see your refund’s status, select “Check the status of your ...
The IRS refunded a total of nearly $13.03 billion through Feb. 9, down 51.1% from the same time last year. The IRS issues most refunds in less than 21 days, especially when the return is filed ...
Because withholding is calculated on an annualized basis, an individual just entering the work force or unemployed for a long period of time will have more tax than is owed withheld. Refund anticipation loans are a common means to receive a tax refund early, but at the expense of high fees that can reach over 200% annual interest. [9]
As of 2022, the IRS had 10,500,000 individual paper returns awaiting processing. To get your tax refund faster in 2023, it’s best to file your taxes electronically, ensure all your information ...
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