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 agency said 9 out of 10 refunds will go out within 21 days from when a return is filed. But refunds for paper returns -- which normally take four to six weeks -- could take at least 7 weeks this year. The vast majority of the returns filed so far this year (13.3 million) were filed electronically. Overall, the IRS receives about 150 million returns a year.