Now that the federal income tax filing deadline is
in your rear-view mirror, what happens after you file? A lot of
taxpayers have post tax-filing questions such as what records do I keep
and more importantly, “Where’s my Refund?” The IRS has answers for you
below.
Refund Information
You can go online to check the status of your 2010
refund 72 hours after IRS acknowledges receipt of your e-filed return,
or 3 to 4 weeks after you mail a paper return. Be sure to have a copy of
your 2010 tax return available because you will need to know your
filing status, the first Social Security number shown on the return, and
the exact whole-dollar amount of the refund. You have three options for
checking on your refund:
- Go to http://irs.gov and click on “Where’s My Refund”
- Call 800-829-4477~24 hours a day, seven days a week, for
automated refund information
- Call 800-829-1954 during the hours shown in your tax form
instructions
- Use IRS2Go. If you have an Apple iPhone or iTouch or an
Android device you can download an application to check the status of
your refund.
What Records Should I Keep?
Normally, tax records should be kept for three
years, but some documents — such as records relating to a home purchase
or sale, stock transactions, IRAs and business or rental property —
should be kept longer.
You should keep copies of tax returns you have filed and the
tax forms package as part of your records. They may be helpful in
amending already filed returns or preparing future returns.
Change of Address
If you move after you filed your return, send Form
8822, Change of Address, to the Internal Revenue Service. If you are
expecting a paper refund check, you should also file a change of address
with the U.S. Postal Service.
What If I Made a Mistake?
Errors may delay your refund or result in notices
being sent to you. If you discover an error on your return, you can
correct your return by filing an amended return using Form 1040X,
Amended U.S. Individual Income Tax Return.
Visit the IRS website at http://www.irs.gov for more information on refunds, record keeping, address changes and amended returns.
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