That could be for a number of reasons, for instance:
Before you worry, remember that often tax returns don't come back for 4 to 6 weeks. If it has been longer than that, you can contact the place where you filed your taxes to see if there is an update (many online services will show you the status). If you are really worried, you can call the IRS. Just be ready for a wait, because they get a lot of phone calls, especially during tax time.
most of the time in agency means that it is being processed.
When a tax file is in "queued" status, it typically means that the file has been received and is waiting in line to be processed by the tax authority's system. This status indicates that the tax return has been successfully submitted but has not yet been reviewed or assessed. It is a common interim status before the tax return is processed further and a final outcome is determined.
You can check the status of your tax return by using the IRS's "Where's My Refund?" tool on their website, which provides updates on processing and estimated refund dates. Additionally, you can set up an account on the IRS website to view your tax information. If you filed your return electronically, you might receive confirmation from the IRS once it's processed. Keep an eye out for any correspondence from the IRS regarding your return.
If when your spouse passed away, a Trust or an Estate was setup to manage their remaining assets, then you are required to file a tax return for the trust or estate and the 1099-c would need to be included on that tax return. If no Trust or Estate was established, then you do not need to file an Estate tax return. Your spouse's final return would be processed either jointly with yours or individually depending on how you have historically filed and your individual tax situation. The 1099-C would NOT be included in that return.
If you are being claimed as a dependent on your parents or anyone else's return then you will have to file a tax return. If not then no you don't have to file a return.
most of the time in agency means that it is being processed.
When a tax file is in "queued" status, it typically means that the file has been received and is waiting in line to be processed by the tax authority's system. This status indicates that the tax return has been successfully submitted but has not yet been reviewed or assessed. It is a common interim status before the tax return is processed further and a final outcome is determined.
This should not have any affect on your parents income tax return if you are still their qualifying child dependent on their 1040 income tax return. And of course you do know that if your are their qualifying child dependent that you can NOT claim your self on your own income tax return for the exemption amount when your income tax return is completely correctly.
You can still file your tax return, however, there may be some late fees for the late filing.
If when your spouse passed away, a Trust or an Estate was setup to manage their remaining assets, then you are required to file a tax return for the trust or estate and the 1099-c would need to be included on that tax return. If no Trust or Estate was established, then you do not need to file an Estate tax return. Your spouse's final return would be processed either jointly with yours or individually depending on how you have historically filed and your individual tax situation. The 1099-C would NOT be included in that return.
If you are being claimed as a dependent on your parents or anyone else's return then you will have to file a tax return. If not then no you don't have to file a return.
Yes. Still file a tax return so that you can get any refund that you are entitled to. Make sure to mark on the return that you can be claimed as a dependant so that it is not rejected by the IRS.
At least six to eight weeks to be processed and get any refund due you.
Yes, you can still amend your 2020 tax return by filing Form 1040X within three years of the original filing deadline or within two years of paying the tax, whichever is later.
When TurboTax says "approved," it means that your tax return has been reviewed and accepted by the IRS or state tax agency. This indicates that your tax filing is complete and has been processed successfully.
Yes. Being claimed as a dependent doesn't prevent the dependent from filing a return. That also doesn't prevent you from still claiming them on your own return. The IRS gives guidelines for determining whether dependents are required to file tax returns. Also, even though dependents might not be required to file, they should file if tax was withheld in order to receive a refund of that tax.
First time house buyers do still get a tax credit from the government on their federal income tax return. This is a very nice tax credit that helps thousands of new home buyers every year.