Fraud Filters Delay Some IRS Refunds
Get Breaking News First
MIAMI (CBSMiami) – If you thought you were ahead of the game by filing your federal tax return early so you could get your refund faster, think again.
Tax payers who filed before January 25th could see their refunds delayed by up to week longer than expected because of new anti-fraud safeguards installed on the Internal Revenue Service’s computers, according to the Sun-Sentinel. Apparently the new software needed some ‘fine tuning’
Those who filed after January 26th should still get their refund in about 10 days if they opted to have it directly deposited into a checking or savings account.
On the opposite end of the spectrum, for those who like to last until the very last-minute to file there is some good news.
The Internal Revenue Service has postponed this year’s deadline for filing federal income taxes until two days later.
The IRS said Wednesday that taxpayers will have until April 17 to file their 2011 returns, thanks to two quirks of the calendar.
April 15 falls on a Sunday this year, and the following day is Emancipation Day, which is observed in the District of Columbia. By federal law, District of Columbia holidays affect tax deadlines the same way federal holidays do, giving taxpayers an extra day.
People requesting an extension will have until Oct. 15 to file.
The IRS says it is expecting more than 144 million individual tax returns to be filed this year.
The Sun-Sentinel contributed to this report.