Jan 27, 2012 1:01 PM by David Sherman (Great Falls)
With the new year comes the deadline to file income tax returns, and some of the early-bird filers have reported delays in receiving their tax refunds this week.
Teresa Clark of H&R Block reports that because the IRS is experiencing unanticipated delays in federal tax processing this year, it could take one to two weeks after returns are accepted for refunds to be delivered.
Clark says that the IRS is working to remedy this situation, which is affecting taxpayers no matter what filing method they used, and adds that the delays are not limited to H&R Block clients.
The IRS issued the following statement on January 26:
When the IRS announced the opening of the 2012 filing season, it advised taxpayers who electronically file and select direct deposit that they could see their refunds in as few as 10 days and 90 percent of refunds are provided within 21 days. Some taxpayers are getting refunds much faster, but at this time taxpayers should expect refunds to be issued as indicated in the original IRS guidelines. 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.
Visit the IRS website to learn more.