Encore Partners
  • About Us
    • Who We Are
    • Client Testimonials
    • Careers
  • Services
  • Insight
  • Contact
  • Client Payments
  • Client Portal
  • Menu Menu

Questions you may still have after filing your tax return

May 11, 2023/in News, Tax Tips - Individual/by Betty Kim

If you’ve successfully filed your 2022 tax return with the IRS, you may think you’re done with taxes for another year. But some questions may still crop up about the return. Here are brief answers to three questions that we’re frequently asked at this time of year.

When will your refund arrive?

The IRS has an online tool that can tell you the status of your refund. Go to irs.gov and click on “Get Your Refund Status.” You’ll need your Social Security number, filing status and the exact refund amount.

Which tax records can you throw away now?

At a minimum, keep tax records related to your return for as long as the IRS can audit your return or assess additional taxes. In general, the statute of limitations is three years after you file your return. So you can generally get rid of most records related to tax returns for 2019 and earlier years. (If you filed an extension for your 2019 return, hold on to your records until at least three years from when you filed the extended return.)

However, the statute of limitations extends to six years for taxpayers who understate their gross income by more than 25%.

You should hang on to certain tax-related records longer. For example, keep the actual tax returns indefinitely, so you can prove to the IRS that you filed legitimate returns. (There’s no statute of limitations for an audit if you didn’t file a return or you filed a fraudulent one.)

When it comes to retirement accounts, keep records associated with them until you’ve depleted the account and reported the last withdrawal on your tax return, plus three (or six) years. And retain records related to real estate or investments for as long as you own the asset, plus at least three years after you sell it and report the sale on your tax return. (You can keep these records for six years if you want to be extra safe.)

Can you still collect a refund for a tax credit or deduction if you overlooked claiming it?

In general, you can file an amended tax return and claim a refund within three years after the date you filed your original return or within two years of the date you paid the tax, whichever is later.

However, there are a few opportunities when you have longer to file an amended return. For example, the statute of limitations for bad debts is longer than the usual three-year time limit for most items on your tax return. In general, you can amend your tax return to claim a bad debt for seven years from the due date of the tax return for the year that the debt became worthless.

Help available all year long

Contact us if you have questions about retaining tax records, receiving your refund or filing an amended return. We’re not just here at tax filing time. We’re here all year long.

Tags: Individual Tax Tips
Share this entry
  • Share on Facebook
  • Share on X
  • Share on LinkedIn
  • Share by Mail
https://encorepartnersllp.com/wp-content/uploads/2023/05/Home-Office-5.png 292 560 Betty Kim https://encorepartnersllp.com/wp-content/uploads/2021/02/Logo_hex2-1030x266.png Betty Kim2023-05-11 08:00:002023-05-11 13:55:16Questions you may still have after filing your tax return
You might also like
Filing Status Matters: A Timely Tax Season Reminder
Thinking about converting your home into a rental property?
Milestone moments: How age affects certain tax provisions
Digital assets and taxes: What you need to know
Is your parent moving into a nursing home?
Is college financial aid taxable? A crash course for families

Newsletter Signup

Connect With Us

  • Facebook
  • LinkedIn
  • Twitter

Categories

  • Encore Culture
  • Events
  • News
  • Tax Tips – Business
  • Tax Tips – Individual

Search

Recent Posts

  • Spousal IRAs: A smart retirement strategy for couplesJuly 9, 2025 - 3:34 pm
  • Milestone moments: How age affects certain tax provisionsJuly 2, 2025 - 3:16 pm
  • Is college financial aid taxable? A crash course for familiesJune 24, 2025 - 2:44 pm
  • The advantages of a living trust for your estate planJune 5, 2025 - 12:04 pm

Get the latest tax and finance news

right in your inbox


Encore Partners Logo
  • Email
  • Facebook
  • LinkedIn
  • Twitter

Main Office
4350 Executive Drive
Suite 260
San Diego, CA 92121
858.549.7100

Beverly Hills Office
9465 Wilshire Blvd,
Suite 300
Beverly Hills, CA 90212
310.300.8480

© Encore Partners LLP 2024 – all rights reserved

site design by digitalstoryteller.io

© Encore Partners LLP 2024 – all rights reserved
site design by digitalstoryteller.io

Tax news for investors and users of cryptocurrencyIf you’re hiring independent contractors, make sure they’re properly... Scroll to top

This site uses cookies. By continuing to browse the site, you are agreeing to our use of cookies.

Accept All CookiesRefuse Cookies

Cookie and Privacy Settings



How we use cookies

We may request cookies to be set on your device. We use cookies to let us know when you visit our websites, how you interact with us, to enrich your user experience, and to customize your relationship with our website.

Click on the different category headings to find out more. You can also change some of your preferences. Note that blocking some types of cookies may impact your experience on our websites and the services we are able to offer.

Essential Website Cookies

These cookies are strictly necessary to provide you with services available through our website and to use some of its features.

Because these cookies are strictly necessary to deliver the website, refusing them will have impact how our site functions. You always can block or delete cookies by changing your browser settings and force blocking all cookies on this website. But this will always prompt you to accept/refuse cookies when revisiting our site.

We fully respect if you want to refuse cookies but to avoid asking you again and again kindly allow us to store a cookie for that. You are free to opt out any time or opt in for other cookies to get a better experience. If you refuse cookies we will remove all set cookies in our domain.

We provide you with a list of stored cookies on your computer in our domain so you can check what we stored. Due to security reasons we are not able to show or modify cookies from other domains. You can check these in your browser security settings.

Google Analytics Cookies

These cookies collect information that is used either in aggregate form to help us understand how our website is being used or how effective our marketing campaigns are, or to help us customize our website and application for you in order to enhance your experience.

If you do not want that we track your visit to our site you can disable tracking in your browser here:

Other external services

We also use different external services like Google Webfonts, Google Maps, and external Video providers. Since these providers may collect personal data like your IP address we allow you to block them here. Please be aware that this might heavily reduce the functionality and appearance of our site. Changes will take effect once you reload the page.

Google Webfont Settings:

Google Map Settings:

Google reCaptcha Settings:

Vimeo and Youtube video embeds:

Other cookies

The following cookies are also needed - You can choose if you want to allow them:

Privacy Policy

You can read about our cookies and privacy settings in detail on our Privacy Policy Page.

Accept settingsHide notification only