Claiming Home Mortgage Interest You must itemize your deductions on Form 1040, Schedule A to claim mortgage interest. This means foregoing the standard deduction for your filing statusâit's an either/or situation. You can itemize or you can or you can claim the standard deduction but you can't do both.
The IRS has a 10 year period of time in which to collect back taxes. After that ten year period of time, the back taxes drop off the tax data base and the debt is legally forgiven and can never be collected. The federal tax liens are also released by statute.
It typically takes the IRS up to 21 days to release a refund, but the exact timing depends on a few factors, and in some cases the process may take longer. The IRS claims that it OKs most tax refunds within 21 days, but it can take longer. It typically takes the IRS up to 21 days to release a refund, but the exact timing depends on a few factors, and in some cases the process may take longer.