Skip to comments.Sequestration Could Delay Tax Refunds
Posted on 02/28/2013 12:18:59 PM PST by Responsibility2nd
Taxpayers anxiously awaiting a tax refund from Uncle Sam may be waiting a bit longer this year.
The sweeping automatic budget cuts set to take effect March 1 translates to an 8.2% funding cut to the IRS, according to reports, which could force the agency to furlough workers during tax season.
And thanks to the fiscal cliff fiasco, the IRS is already behind, says David Selig, federal tax practicioner at Selig & Associates and founder of TrueTaxHelp.com. Tax changes included in the last-minute deal struck by Congress at the start of the year forced the IRS to quickly update its systems.
Unless a deal is reached, the IRS will furlough the non-essential personnel, and a tax refund is not a high-priority matter Selig says, They already arent up to speed due to the fiscal cliff, and these problems were complicated further by Obamacare.
Regardless of whether or not sequestration can be averted, Selig says the damage is done.
We have already wasted hundreds of millions leading up to this, he says. Our elected officials are squandering taxpayer dollars.
Me and my family are having to do it. It's past time everyone else has to too..
Refund? Oh I remember those. That was before I wised up and stopped lending the fascists interest-free money.
Yup. More “scaring the old ladies and the mentally weak” BS.
and the mentally weak
You mean half the country? I thought so.
I got mine 2 weeks ago...
The sequester is apparently the end of the world.
Too late for me! :-)
You would think that in this age of computers, and the ability to electronically file simple tax returns online, that there would be NO delay at all!
You would think that as a result of increased computer usage, that they could have, and would have trimmed IRS staff by double digit percentages already!
I have a family member who tried to file taxes as she used to, back at the end of January. She filed them on line at their website and IRS wouldn’t accept it! She’s had to wait all this time just to file an EZ type return, much less receive her rebate which isn’t scheduled to ship out till march..and it’s a direct deposit to boot!
I can understand a human being that slow, but a computer????
I’d like to know what’s REALLY going on :(
Only idiots let the govt have your money for a year at no interest.
So smart people have kept their money, and dumb ones that celebrate a big refund are Obami voters in the first place. Ha ha !
Also those who get the earned income credit are free loaders — ha ha, you can wait as well.
That was before I wised up and stopped lending the fascists interest-free money.
Is there any other kind of money? You tell me where I can safely earn better than .10 percent on a short term basis, and I’ll buy you a steak dinner.
Most of the people who get big refunds from the Earned Income Tax Credit and refundable child credits file tax returns electronically before the middle of February. They already got their money. The people who actually pay income taxes and are entitled to a refund of their income tax withholding are the ones who will have to wait. The people who don’t pay income taxes get paid first. The people who pay income taxes are at the back of the line.
Yup. The Democrat constituency.
Once Obama got elected I never expected any more “refunds” from the government, well as long as I remain a taxpayer...
Same here. Got married last year, and my HR rep told me how happy I'd be with the extra money I'd get at tax return time. When I told her I had no intention of receiving a refund and instead upped my witholdings, she looked at me like I'd grown a third eye.
Paying uncle Sam over $3K and his damn $30 "underpayment penalty" as well. I'm quite content with that. I can always budget money out, but predicting a "refund" is futile and stupid. I've known too many people who base their entire summers around a refund. It's just idiotic.
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