I don’t know if you remember but back in 2020, I told you don’t depend on getting a refund from the IRS. Because it may take a long time and unfortunately my prediction has come true.
We’re now seeing the backlog of IRS returns where it is taking people at least a year in some cases to get refunds. And even then it may be a challenge and a struggle based on losing information and not getting things processed timely, dealing with notices in between.
So please, please, do not plan to overpay your taxes. As much as I can tell you over and over, your money should stay in your hand as long as possible. I’m not suggesting that you not pay the IRS. I’m suggesting that you pay what you owe when it is due and not before then. Don’t give an interest-free loan on your money to the IRS because you may not get it back.
I’m Donna Bordeaux from CampgroundAccounting.com. Please follow us on Facebook and Instagram. Make sure you check out our blog and our website from the link below. Subscribe to our YouTube channel and hit the bell to be notified when we post. To contact me, email me at email@example.com.
Donna Bordeaux, CPA with Campground Accounting
What happens when you send two CPAs out into the relaxing outdoors to camp? You get CampgroundAccounting.com. Donna and Chad have over 50 years of combined experience as entrepreneurial CPAs. They’ve owned businesses and helped business owners exceed their wildest dreams. They camp and travel across the country every chance they get, so it’s just a natural fit that they focus their CPA skills on helping campground owners throughout the USA grow their businesses and minimize the impact of taxes. They understand the key performance indicators and specialized issues that face RV park owners every day. </i