Question

Why is turbo tax promoting advance tax return payments, has you pay them for filing but does not allow you to file immediately after due to form not finalized by irs?

Forum|Forum|3 years ago
December 26, 2022
2 replies
0 views

Turbo Tax is offering an advance refund. You have to file but they have you pay first. After I paid I am still not able to file because of "IRS does not have form finalized" with no other details other than that wording

TurboTax Self Employed Online

X

xmasbaby0

Employee

What tax year are you trying to file? E-filing is permanently closed for 2021 or earlier years, and e-filing is not yet open for 2022 returns. Tax year 2022 is not even over yet. Documents you need to file a correct 2022 return such as W-2's and 1099's will be issued by the end of January or early February. The IRS will not start to accept 2022 e-files until late January. What is the hurry? The IRS itself has not finalized some of the forms you will need in order to prepare and file a 2022 return, nor has the IRS examined and approved certain forms in the tax software.

Be patient and wait. Even if you e-file in early January, your tax return will sit on a server until the IRS begins to accept returns. And then when you realize you made a mistake you will not be able to fix it.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

X

xmasbaby0

Employee

And....as for "advance" payments....

There are no refund advance loans available at this time. If TurboTax offers refund advance loans for 2022 returns it will be during January to mid-February. The loan has to be offered to you; you cannot apply for it. And the money is not issued until your e-file is accepted by the IRS.

https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/offer-details-disclosures-refund-advance-program/L4ljXp6TI_US_en_US

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

H

hsulton88Author

The advance is offered prior to the actual return dates that tax season opens up, the whole purpose of the advance is to be able to access your refund via a loan as opposed to having to wait for the actual tax filing dates to open up. Overall it seems more like a program that turbo tax should have held back on as opposed to offering up due to certain forms not available until a certain time frame, which basically makes the advance option null and void for a lot of people

DoninGA

Employee

To see which forms and schedules have not yet been finalized for filing using the TurboTax online editions, click on Review on the left side of the online program screen.