Friday, February 3, 2017

Why your IRS tax refund may be delayed this year

The Protecting Americans From Tax Hikes Act of 2015 requires the IRS to hold tax refunds for taxpayers who claim the earned income tax credit or the additional child tax credit until Feb. 15 this year.  
Criminals love to take those credits on fake tax returns, so the idea is to give the IRS more time to detect fraud, says Jeff Chism, a CPA with Brown, Kinion & Co. in Broken Arrow, Okla.

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