That means that your refund will arrive at your bank three weeks after the IRS accepts your tax return. The 941 forms filed electronically had an IRS processing time of one month. Original forms 941 filed on paper are generally processed within 3 to 4 months. If your Form 941 request that you originally filed hasn't been reimbursed, it's time to contact the IRS or ask a professional to review Form 941 for potential errors in your request.
While the IRS has made progress in recent years in terms of online tracking and access to information for taxpayers, those systems do not provide any information on the processing time of ERC refund requests in amended payroll tax returns. Brief background: If you haven't looked at the employee retention credit (ERC), you may be eligible for a payroll tax credit that has resulted in significant refunds. Legislative changes allowed many employers to retroactively request ERC on amended payroll tax returns, which must be filed on paper and processed by hand by specially trained IRS personnel. Despite the bad news about the repayment deadline, employers who qualify for the ERC should continue to consider filing a modified payroll tax return to apply for the benefit.
