Tag: delay

Loading...

The IRS’s Failure to Establish Goals to Reduce High False Positive Rates for Its Fraud Detection Programs Increases Taxpayer Burden and Compromises Taxpayer Rights Over the past decade, the IRS has been significantly impacted by fraud and identity theft. To detect and prevent identity theft and other tax refund fraud, the IRS has established a…

Loading...

It turns out that there is no set time schedule for when refunds have to be given to people who file taxes (and who qualify). This is probably not the answer that you wanted and is slightly unsettling. The IRS doesn’t like to leave us completely in the dark; in prior years they issued a refund…

Loading...

Everyone that was accepted from January 1, 2017 – February 14, 2017 that have been sitting with no answers have you Received Any Updates? We are seeing a lot of people that had not seen much movement get some Transcript Updates Today. Please take part in the poll below so that we can determine how…

Loading...

The IRS’s “Where’s My Refund?” tool will be updated on February 18 for many taxpayers who claimed the Earned Income Tax Credit (EITC) or the Additional Child Tax Credit (ACTC). Before February 18, some taxpayers may see a projected deposit date or an intermittent message (Being Processed) that the IRS is processing their return. Early…

Loading...

The IRS is delaying tax refunds for more than 40 million low-income families this year as the agency steps up efforts to fight identity theft and fraud. The delays will affect families claiming the earned income tax credit and the additional child tax credit. These tax breaks are geared to benefit the working poor, and…

Loading...

WASHINGTON — As the holidays approach, the Internal Revenue Service today reminded taxpayers to remember that a new law requires the IRS to hold refunds until mid-February in 2017 for people claiming the Earned Income Tax Credit or the Additional Child Tax Credit. In addition, new identity theft and refund fraud safeguards put in place…

Loading...

Tax Refund May be Delayed, But at Least You’ll Get It Last year’s income tax season was marked by an explosion of refund theft. Will this year be any different? Increased protections may cut down on fraud but will likely draw out the wait for your money. Changes will be visible when you use tax…

Loading...

Taxpayers have both good news and bad news coming their way in 2018. First, the bad: Getting some refunds this year might take slightly longer than in prior years. So, what’s the silver lining? There may be less fraud than in the past, thanks to new strategies put into play by tax preparers, states and…

Related Posts