Millions face tax refund delays
Published October 23, 2013
The IRS announced that the federal government shutdown could delay tax refunds for millions of Americans by one or two weeks. During the closure, the IRS received 400,000 pieces of correspondence, on top of the 1 million items already being processed before the shutdown. Writing in USA Today, John Waggoner reported that every year brings new changes and tweaks to the tax law, all of which have to be entered into the IRS computers. “There are a lot of tax changes, particularly due to the 3.8% net investment income tax from the Affordable Care Act," Melissa Labant, director of tax advocacy for the American Institute of CPAs told the newspaper. "The IRS has a lot of guidance they have to issue. … What concerns me is not the initial delay, but if there is any additional hiccup between now and January, the delays could be longer," Labant said.