IRS Tax Fraud Prevention Efforts Will Delay Refunds

Will Your Refund Be Delayed?

You may recently have heard that millions of refunds for the 2016 tax year are expected to be delayed.

The anticipated delay is largely driven by a new law aimed at giving the IRS more time to screen returns claiming both the earned income tax credit and additional child credit(s). This is in tandem with a broader prevention effort that includes zeroing in on fraudulent returns resulting from identity theft.

Though not everyone is affected, for those who are, it is, unfortunately, both inconvenient and unavoidable. On the other hand, the upside for all taxpayers is that the expansion of IRS scrutiny into vulnerable line items has ultimately proven to save the country billions of dollars every year.

For more complete details, check out this article…

And as always, feel free to contact us with any questions.