Welcome…
AS of York caters to small business owners. Because you’re in business, you need the peace of mind that working with a trusted accounting firm like ASY can provide. At ASY, our goal is to help you thrive by providing the responsive, intelligent service you need. For over 24 years we have been contributing to the success of companies just like yours through our integrity, expertise, and client focus. Let us help you succeed by delegating your accounting and tax functions to us─so you can focus on what you do best.
Experience the peace of mind that comes with working with ASY; contact us today. (717) 757-5482
We offer year round Tax Service and electronic filing for both personal, corporate, and non-profit tax returns. Setting up a new business? Have questions? We can help. We offer a no charge consultation. Are you processing your own payroll? Are you being overcharged by a big National Payroll Company? We can help! We have been processing payroll for many local and National companies for over 25 years and we’ll take care of the headache of payroll taxes for you. Contact us for a quote on our payroll service today.
We’ll count the beans… you enjoy the coffee!
| Whether you’re a new client or a familiar face, feel free to use our handy Tax Organizer to get you ready for the season. Available in both Word.doc or PDF format. |
May 11, 2012 – IRS Refund Status Information
For the summer months, we will be updating the IRS Refund Information weekly. As of today, looking at statistics of tax returns recently filed, below are estimates of the percentage of refunds not yet released by the IRS. Typically, the IRS is slower to pay refunds that are filed after the April filing deadline. As a result, it is not unusual for the IRS to continue to delay some refunds, even this time of year. However, the number of delayed refunds for this time of year is similar to or less than what we have seen in past years. As is the case every year, the IRS will continue to pay some refunds throughout the year – even through December.
- for returns filed on 3/11 and prior, most refunds have been released by the IRS.
- for returns filed on 3/12 – 3/18, approximately 10% have not yet been released by the IRS.
- for returns filed on 3/19 – 4/11, approximately 15% have not yet been released by the IRS.
- for returns filed on 4/12 – 4/16, approximately 20% have not yet been released by the IRS.
- for returns filed on 4/17 – 4/29, approximately 30% have not yet been released by the IRS.
- for returns filed on 4/30 – 5/01, approximately 40% have not yet been released by the IRS.
- for returns filed on 5/02 – 5/03, approximately 60% have not yet been released by the IRS.
- for returns filed on 5/04 and beyond, the IRS has released very few refunds.
May 4, 2012 – IRS Refund Information
This past year, the IRS generally released most refunds within five business days of when the return was filed. In February, however, there was a period of time where 7.8 million refunds were temporarily delayed due to processing problems at the IRS. According to a recent report of the Treasury Inspector General, these problems were due to programming problems related to the IRS expansion of its new MeF system. The IRS resolved these problems and was able to resume normal processing of refunds by the end of February. Click Here to view the report of the Inspector Genrael.
Although most refunds are being paid this year by the IRS within five business days, some are not. When a refund is not paid within five business days, it means that the IRS is running some additional checks against the taxpayer data to make sure that the return information appears accurate. This IRS delay usually lasts no more than one additional week. For refunds that have not been paid by the IRS that are older than two to three weeks, it is usually the case that the taxpayer’s refund has been offset by the IRS to repay a debt. In other cases, the IRS is attempting to verify some data with the taxpayer before it releases the refund. In these cases, the IRS will mail a notice to the taxpayer to request additional information. As has been the case in prior years, the IRS will continue to release some of these refunds over the summer and fall months through the end of 2012. The percentage of refunds delayed is no currently no higher than it has been in prior years.



