Elite Tax Solutions

The vast majority of taxpayers get their refunds faster by filing electronically and using direct deposit. It is simple, safe and secure. This is the same electronic transfer system used to deposit nearly 98% of all Social Security and Veterans Affairs benefits into millions of accounts.

Just as each tax return is unique and individual, so is each taxpayer's refund. Here are a few things taxpayers should keep in mind if they are waiting on their refund but hear or see on social media that other taxpayers have already received theirs.

Different factors can affect the timing of a refund. Even though the IRS issues most refunds in less than 21 days, it's possible a particular taxpayer's refund may take longer. Some tax returns require additional review and take longer to process than others. It may be necessary when a return has errors, is incomplete or is affected by identity theft or fraud. The IRS will contact taxpayers by mail when more information is needed to process a return.

By law, the IRS cannot issue refunds to people claiming the Earned Income Tax Credit (EITC) or Additional Child Tax Credit (ACTC) before mid-February. The law requires the IRS to hold the entire refund, including the portion not associated with the credits. This helps ensure taxpayers receive the refund they're due by giving the IRS more time to detect and prevent fraud.

Taxpayers should not count on getting a refund by a certain date, especially when planning major purchases or paying other financial obligations.

Referral Contest Winner!!!!

Elite Tax Solutions would like to thank LaTasha Welch for referring the most clients during the 2017 income tax season!

We were supposed to giveaway a 55" TV, but since her daughter had just recently graduated from high school and was preparing to attend college, we decided to give her a laptop for school purposes instead.

Again, thank you to everyone who referred clients during the 2017 income tax season and we look forward to seeing you all again for the 2018 income tax season.

As always, we are still giving away $100 cash for every new client referred to Elite Tax Solutions this year that has their taxes prepared and receives a return.

Happy New Year and see you soon!!!