IRS News, Refunds & Notices Explained | Pegues & Associates
(336) 274-4788 615 Summit Ave, Greensboro, NC 27405 Mon–Fri 9:00–3:00 · Sat by appointment

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IRS news, in plain language.

What the IRS has said, what it actually means for your return, and what to do if a letter turns up in your post. If something here does not match what you received, bring it in.

From the IRS

IRS Newsroom
  • Refunds
    Most refunds arrive within 21 days

    The IRS issues the majority of refunds within 21 days when the return is filed electronically with direct deposit. Paper returns take substantially longer. Returns claiming the Earned Income Tax Credit or the Additional Child Tax Credit are held until later in the season by law, regardless of how early they are filed.

  • Refund status
    How to check where your refund is

    The IRS “Where’s My Refund?” tool updates once every 24 hours, usually overnight. You will need your Social Security number, your filing status and the exact refund amount from your return.

  • Scams
    The IRS will not ring you demanding payment

    First contact from the IRS comes by post. The agency does not call threatening arrest, does not demand payment by gift card or wire transfer, and does not ask for card numbers over the phone. If you get a call like that, hang up.

  • Notices
    Every IRS letter carries a notice number

    It is printed in the top right corner and begins with CP or LTR. That number tells you exactly what the letter concerns and what response is required. Most notices carry a deadline.

  • Identity protection
    An IP PIN blocks returns filed in your name

    The IRS Identity Protection PIN is a six-digit number that must appear on your return for it to be accepted. Anyone can request one, not only victims of identity theft. It is reissued each year.

  • Records
    Keep tax records for at least three years

    Three years covers the ordinary period during which the IRS can examine a return. Records supporting property or business assets should be kept for as long as you hold the asset, plus three years after.

Straight from the source

These go directly to the IRS, so you are not chasing them through a search engine.

Got a letter?

Bring it in unopened if you like. We will tell you whether it is genuine, what it wants and by when.

Book an appointment

An IRS letter is easier with someone reading it beside you.

Ring the office on (336) 274-4788 between 9 and 3, or book a time that suits you.