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.
The IRS provides methods for checking the status of your return within the normal processing time -- 21 days for e-filed returns and four weeks for mailed returns. Check the status on the IRS website using the âWhereâs My Refundâ link or use the âIRS2Goâ mobile application. Tracking systems update every 24 hours.You also may call the IRS Refund Hotline at 800-829-1954 for automated information 24 hours a day. Check the status of an e-filed tax return within 24 hours of the filing.Wait four weeks to check the status of a mailed paper return. Processing Returns. The IRS issues most tax refunds in fewer than 21 days, according to the agencyâs website.racking systems update every 24 hours. You also may call the IRS Refund Hotline at 800-829-1954 for automated information 24 hours a day. Check the status of an e-filed tax return within 24 hours of the filing.