530-993-4379
Sierra Booster
  • Home
  • Newspaper
    • Latest News
    • Letters to the Editor >
      • Submit Letter to the Editor
    • Old News Archive
    • Photo Tour
    • Events
    • About Us
    • SUBSCRIBE
  • Advertiser Directory
    • Advertiser Press Releases
    • Website Sponsors
    • Advertiser Area
  • Buy Ads - Services
  • Fishing Report
  • Contact Us
  • Admin Log In

Most Tax Refunds Arrive Within 12 Business Days; Some Take Longer as FTB Seeks To Prevent Tax Theft, Fraud

3/23/2016

0 Comments

 


Sacramento – The Franchise Tax Board (FTB) today reported that most tax refunds are arriving within 12 business days for taxpayers who file electronically and request direct deposit.


However, some refunds can take significantly longer as FTB joins a nationwide effort to protect taxpayers’ money by preventing fraud, tax theft, and other abusive practices. According to the IRS, identity theft and other criminal schemes involving fraudulently filed tax returns are becoming more common.


“No one wants to see refunds delayed,” said Controller Betty T. Yee, FTB chair and the state’s chief fiscal officer. “However, FTB’s anti-fraud efforts help to assure all taxpayers that everything possible is being done to safeguard their hard-earned dollars.”


Since January 1, FTB has issued 4.2 million refunds with an average amount of $700.  About 84 percent of all refunds were issued within seven to 12 days when the taxpayer elected to use direct deposit. That figure was down slightly from 90 percent in the past two years. 


While most California taxpayers will see no delay, some will be asked by the FTB for more information to confirm the figures reported on their returns. Other returns will go through additional reviews to check for accuracy, completeness, and common indicators of fraud or identity theft.


The IRS reports that scammers have tried to trick taxpayers via threatening phone calls in which they impersonate tax agents and through phishing schemes aimed at stealing sensitive tax information. The U.S. Inspector General last week urged taxpayers to stay on high alert through the end of the 2016 tax filing season.


The reviews can mean extended processing times for some taxpayers. FTB has taken this action to make sure the correct refund amount is issued to the right person.


Taxpayers may track the status of their refunds at ftb.ca.gov or download the FTB Refund Mobile App available for iPhone.


Related Tips for Taxpayers
Errors on returns can slow refund processing. Be sure to:
·        Choose the correct filing status.
·        Check the appropriate exemption boxes for your personal, spousal, and dependency exemptions.
·        Enter the names and taxpayer identification numbers for everyone listed on your return.
·        Be sure that required schedules are included and filled out completely.


E-filing is historically more accurate than paper tax returns. E-filing also reduces processing times.


Watch your mail. If FTB needs additional information, respond as soon as possible to reduce processing time. FTB may write asking for more information to verify your identity, your reported wages, and other items. If FTB suspects you may be a victim of identity theft, the first step it takes will be to notify you by mail at your address of record.


0 Comments



Leave a Reply.

    Archives

    March 2023
    February 2023
    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015
    April 2015
    March 2015
    February 2015
    January 2015
    April 2014
    September 2009

    Categories

    All
    2015
    Sierra County News

    RSS Feed

    Vie
    ​w Old News

CONTACT US:

Sierra Booster Newspaper
PO Box 8
Loyalton, CA 96118
Phone: 530-993-4379
Fax: 844-272-8583
Email: jbuck@psln.com

Website Privacy Policy​
Picture
Local Weather
©Copyright Sierra Booster - Sierra County News - Editorial
Website by Chamber Nation