Accounting News

Monday, March 5, 2012
IRS Refund Delay Update

The IRS has issued an update on their problems with issuing refunds. The problem was disclosed to tax prepares back in January and we last reported on the issue on 2/21. WTOL has reported that the IRS is two million refunds behind schedule.

The IRS says the problems have been resolved and they are no longer experiencing delays. Tax returns filed after 2/13 should get their refunds on schedule. They say they have sent out 45.2 million refunds this year; slightly more than the 45.1 million sent over the same period last year.

So there are no more excuses to getting your taxes filed. Accountants are ready to help you out. Remember that as we approach April 17 their time will fill up and may push you into an extension.

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