More...
 

IRS: Refunds For Over 3 Million Delayed

AP   |  Jesse J. Holland   |   December 27, 2007 03:34 PM

Read More: Alternative Minumum Tax, Internal Revenue Service, Irs, Potential Refunds, Tax Refunds, Tax Returns, Breaking Business News
stumbleupon :IRS: Refunds For Over 3 Million Delayed   digg: IRS: Refunds For Over 3 Million Delayed   reddit: IRS: Refunds For Over 3 Million Delayed   del.icio.us: IRS: Refunds For Over 3 Million Delayed

More than 3 million people will have to wait until February to get their tax refunds because of Congress' late fix to the alternative minimum tax, the IRS said Thursday.

Congress put a one-year freeze on growth of the alternative minimum tax last week, shielding many middle- and upper-middle income taxpayers from first exposure to the tax. But Congress' late action means the Internal Revenue Service won't be able to start processing five AMT-related forms until February, delaying potential refunds for those people until that month.

Between 3 million and 4 million people filed in January of last year using those forms, with many of those people expecting a refund, the IRS said.

Comments for this post are now closed


 
Comments
9
Pending Comments
0
iPhone App Promo

Want to reply to a comment? Hint: Click "Reply" at the bottom of the comment; after being approved your comment will appear directly underneath the comment you replied to

View Comments:
- NewRiver I'm a Fan of NewRiver permalink
photo

The IRS is useless and perhaps illegal.

http://video.google.com/videoplay?docid=-1656880303867390173

    Favorite    Flag as abusive Posted 02:02 PM on 12/28/2007
- knowhelpnow I'm a Fan of knowhelpnow permalink

This article sounds like these people are really going to suffer, were talking about people making 75,000 to 100,000 a year if they are going to suffer having to wait til Feb. to file their income tax my hear(sic) bleeds for them.
They are living above their means and need to suck in their spending and wonder about those who are making 25,000 a year, their is lots more of them, and find out how they cope. Sorry but I just think this is a non-issue.

    Favorite    Flag as abusive Posted 12:03 PM on 12/28/2007
- leftLibertarian I'm a Fan of leftLibertarian permalink

Ron Paul would do away with this dinosaur.

Good riddance.

    Favorite    Flag as abusive Posted 06:21 AM on 12/28/2007
- ALHayes I'm a Fan of ALHayes permalink

This "news" story reads like an IRS press release. Where is the research? Is this more lazy reporting? The wording and tone of this article are suspiciously similar to the wording and tone of the recent presidential address.

    Favorite    Flag as abusive Posted 09:49 PM on 12/27/2007
- susie1776 I'm a Fan of susie1776 permalink

Ah gee.....my heart breaks for those poor poverty stricken folks. BooHooHoo. In the meantime I'll be trying to save my job and my home.

    Favorite    Flag as abusive Posted 04:34 PM on 12/27/2007
Comments are closed for this entry

You must be logged in to reply to this comment. Log in  or  Connect