The IRS has announced some taxpayers will receive their refunds about a week later than originally projected. “The one-week delay for some refunds relates to fine-tuning IRS systems to adjust for new safeguards put in place this tax season to provide stronger protection against refund fraud,” the agency explained.
Archive for the ‘Tax Filing’ Category
Some Refunds Delayed by a Week
Friday, January 27th, 2012Shutdown Averted; Life Goes On
Saturday, April 9th, 2011If you were sweating it out over whether your tax refund would be delayed over a government shutdown, it appears you can rest easy. In an eleventh-hour deal, government funding will continue through the end of September. A stopgap measure will provide funding until an actual vote on the deal, expected within a few days. It’s not quite a done deal, but observers believe it’s unlikely to unravel. Government operations, including IRS processing of refunds, are expected to continue without interruption.
The deal reportedly includes spending cuts but leaves out non-budget initiatives Republicans had pushed in the areas of abortion and environmental protection.
Homebuyer Credit Causes Processing Delays
Thursday, March 24th, 2011The IRS is working on solutions to problems that are causing delays in the processing of certain categories of income tax returns filed by individuals who claimed the homebuyer credit. The affected taxpayers do not need to contact the IRS or take any other action; they simply need to expect some delays.
Q&A on Domestic Partner Tax Filing
Sunday, February 6th, 2011This is the first tax season in which many gay and lesbian couples will file federal income tax returns reflecting community property rules. The change affects tax returns for 2010, and also provides an opportunity (but not an obligation) to amend prior year tax returns if the result is a refund. Here are some questions and answers regarding the new filing requirement. (more…)
Bug Affects Tax Filing for Some Age 64
Monday, January 31st, 2011A software bug is preventing the IRS from accepting electronically filed returns if the taxpayer (or taxpayer’s spouse) is age 64 and the return claims the earned income credit. The IRS says the glitch will be corrected by 6:00 pm February 14.
Valentine from IRS: Season to Open for Itemizers
Thursday, January 20th, 2011The income tax filing season is open for most taxpayers, but delayed for some (including all who claim itemized deductions) because Congress changed the tax law so late in the year. The IRS has announced (PDF) that it will accept returns from taxpayers affected by the delay beginning February 14.
RALs Blocked at Block
Monday, January 3rd, 2011H&R Block has announced it won’t offer refund anticipation loans this year. RALs have been criticized for imposing high costs on consumers while providing little benefit. H&R Block’s action was based on loss of their funding arrangement, however, rather than ethical concerns.
Jackson Hewitt and Liberty Tax Service intend to continue offering the controversial loans.
Related
Start of Tax Filing Season Delayed for Itemizers, Others
Thursday, December 23rd, 2010The tax law set off a scramble at the IRS to reprogram its computers and change its forms to reflect all the changes. The agency has announced that the tax filing season will begin on time for most taxpayers, but itemizers and certain others will have to wait until mid- to late February before filing. (more…)
