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Click here to understand the IRS notice and crucial information for those who have not yet had their refund processed
Last week, the Federal Revenue Service paid the final installment of the Income Tax refund. Therefore, today (02), it issued a crucial notification on its digital platforms aimed at those who did not receive government payments.
The Federal Revenue Service may keep the taxpayer in a tight spot, causing the non-receipt of the refund. Thus, the entity alerts individuals to correct incorrect information and prevent the incidence of fines.
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To check whether your tax return has been retained by the tax authorities, you can access the e-CAC portal and search for the “My Income Tax” option. Then, simply select the tax return for the 2022 tax year and check for any inconsistencies.
Federal Revenue withholds 3.1% from declarations
According to data released by the Federal Revenue Service, this year, the institution received 43.4 million Income Tax returns. Of this amount, 1.3 million (i.e. 3.1%) were retained in the fine mesh and require correction in some item.
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According to the investigation, more than 50% of the errors are related to errors in tax deductions, mainly regarding medical expenses (58.1%). In addition, there are cases of taxpayers who omitted some income or whose declared amounts differ from the amounts withheld at source.
Taxpayers who fail to make the necessary corrections to their information with the Federal Revenue Service will be subject to a fine. In this scenario, the amount is 75% of the tax due, plus correction by the Selic rate.
How to solve the inconvenience?
Individuals caught in the tax net have the possibility of submitting a corrective declaration, correcting the errors in the previous submission. This procedure takes place virtually, through the same system used to submit the original declaration. In more critical situations, the IRS will summon taxpayers to provide clarifications.
In the latter case, the citizen must provide the documents requested by the agency to validate the information in the declaration. Therefore, the submission of a corrective declaration is not permitted. The submission of documents can be done online or in person at a Federal Revenue office.
