- Sep 26, 2000
- 28,561
- 4
- 0
http://money.cnn.com/2012/12/28/news/economy/tax-refund/
Fiscal cliff could put your tax refund on hold
Hoping to get your tax refund soon? Don't hold your breath.
Congressional dithering over a fiscal cliff fix could force the Internal Revenue Service to delay the start of the filing season. So those expecting to file their returns in mid-January, when the agency usually begins accepting them, may have to wait several weeks.
If Congress doesn't approve a patch for the alternative minimum tax in the next few days, then up to 100 million taxpayers will not be able to file their returns -- or collect refunds, if owed -- until late March, said Steven Miller, the agency's acting commissioner. (The AMT itself would hit nearly 30 million filers with higher tax bills, and returns of the others would be held up while the IRS reprograms its systems.)
Damn. This is the first year in the last 10 I was all ready to head down to the accountants the first week in January. I had a bad year and am expecting a decent return.
Anyways, I posted this fyi.
Clearly a P&N topic -Admin DrPizza
Fiscal cliff could put your tax refund on hold
Hoping to get your tax refund soon? Don't hold your breath.
Congressional dithering over a fiscal cliff fix could force the Internal Revenue Service to delay the start of the filing season. So those expecting to file their returns in mid-January, when the agency usually begins accepting them, may have to wait several weeks.
If Congress doesn't approve a patch for the alternative minimum tax in the next few days, then up to 100 million taxpayers will not be able to file their returns -- or collect refunds, if owed -- until late March, said Steven Miller, the agency's acting commissioner. (The AMT itself would hit nearly 30 million filers with higher tax bills, and returns of the others would be held up while the IRS reprograms its systems.)
Damn. This is the first year in the last 10 I was all ready to head down to the accountants the first week in January. I had a bad year and am expecting a decent return.
Anyways, I posted this fyi.
Clearly a P&N topic -Admin DrPizza
Last edited by a moderator: