How US Expats Can Track Their IRS Returns?
Before we go on to discuss multiple ways to track IRS returns, let us have a clear idea of what US expat tax is. According to the American tax system, persons living abroad are subject to taxation based on their worldwide income. An expat needs to combine the US income and the foreign income together to determine the amount of payable tax. This could be a hectic task and a slight mistake can lead to dire consequences. Therefore, it is wise to leave the matter to the best tax consultants in Toronto.
We have an élite pool of US Tax consultants in Toronto ready to make things easier for you.
Ways of Tracking IRS Return
You can pay your annual tax with Form 1040, the usual method for submitting tax for Americans. However, as an expat, you have two ways to receive the refund amount. First, let us see how you can receive the refund after submitting Form 1040.
Direct Deposit
This is by far the quickest way to receive a tax return. After paying your tax, you can expect to receive a direct deposit to a checking or savings account. However, that account must be a US account.
Via Mail
If you don’t have a US account, you are technically not eligible to receive a tax return through direct deposit. In that case, you have to fill in the Name and Address section in the instruction section of the corresponding Form. You must provide a complete and precise address to receive the tax refund cheque via mail.
It is highly recommended to seek guidance from an international tax consultancy service in Toronto to get your job done smoothly.
Now coming to tracking IRS returns, there are three ways. Please make a note that irrespective of e-filing of taxes or mailing payable amount via cheque, the IRS takes 21 days to issue a tax refund. While the IRS processes your tax return, you can track the status live here. However, in some cases, the IRS takes 90 to 120 days to review tax returns. In those cases of delay, you will be notified accordingly.
The easiest way to track your tax return status from your device is to download the IRS2Go app. This app also helps you pay taxes and get in touch with the governing body for clarifications.
For a hassle-free tax payment and refund, contact expats tax consultants in Toronto today.
