Sunday, December 28, 2014

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Tax refunds could still be delayed

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Albany/HV: Tax refunds could still be delayed
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UNITED STATES -- There's still a possibility our tax refunds will be delayed this year because of the last-minute deal on the fiscal cliff.

The IRS put out a statement saying they are “currently reviewing the details of this week's tax legislation and assessing what impact it will have on this year's filing season.”

If you look at the 1040 form for 2012, several lines are listed as "reserved." An IRS spokesman says those are placeholders for several fiscal cliff provisions it was waiting on, like the alternative minimum tax. ClientIP:, UserAgent: CCBot/2.0 ( Profile: TWCSAMLSP