Thursday, December 30, 2010

Delay in Refunds Expected Due to Obama's Tax Bill

According to the LA Times, the IRS is frantically attempting to update it's systems in accordance with the recently passed tax legislation. The IRS was set for the expiration of Bush-era tax cuts but now it has to scramble to put into place all the new provisions, or rather extension of the prior provisions. The IRS is expecting the process to go on into February. What this means is that you'll have to wait longer this year for you refund if you're used to getting it early.

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