Author Box
Articles Categories
All Categories
Articles Resources

Effects of IRS Delays

March 30, 2012 | Comments: 0 | Views: 146

This tax season started off with a bang, or rather, a blank in the barrel. Less than 24 hours into tax season, the IRS's e-file system went down for 18 hours causing an unexpected delay and back log for all the returns filed before the system went down and for those returns attempted to be filed during the down time. This delay seems to have set the stage for the remainder of filing season. Long processing times, delays in refunds, and lack of information have made this tax season difficult for everyone and painful for many.

Long processing times and delays in refunds have cause many taxpayers to wonder what is going on with their money. Many taxpayers rely on their refunds to pay bills that have been piling up through the winter, new bills that they are receiving, not to mention the basic necessities of life: groceries, doctor visits, gas, etc. We have seen many taxpayers ringing phones off the hooks, visiting offices of their respective preparers, and getting angry due to the inconvenience, which, to some, is a great deal more than just an inconvenience.

Not only have these delays caused problems for the taxpayers, but the preparers are feeling the effects of this problem as well. Taxpayers have been reported to be harassing their preparers over their refunds, when the preparer has no authority or capability to do anything once the IRS has accepted the taxpayers return. Having said that, the one resource available to all is the IRS's Where's My Refund system on the IRS's website, which gives an immediate acknowledgement of having the return and an expected date for which the taxpayer can expect to receive funds. Unfortunately, this application has only added more headaches this year. For a period of about 2 weeks or more (approximately), this application was not working properly, which takes away any ability of the preparer to inform and update the taxpayer on the status of his return. Not only was it not working, it appeared to be working, giving the taxpayer or preparer incorrect information only adding to the confusion.

To this day, many taxpayers are still without their refunds, and preparers are still without answers for them. Being told to wait is not appeasing; in fact, it can be infuriating for all involved in the tax preparation industry. Perhaps, given the early-on problems with the PTIN application system and the delays in the issuance of EFINs, we should have expected the worst, but we did not. We expected some consistency and reliability in our tax system. Perhaps, with the proposed 1.3 billion increase in the IRS's budget, the good folks at the IRS can develop a system that functions more efficiently and effectively.

For more information relating to recent tax law changes and how it will affect everyday taxpayers and tax preparation businesses alike visit

Source: EzineArticles
Was this Helpful ?

Rate this Article

Article Tags:

Tax Season


Irs Delays


Refund Status


Refund Delays


Irs Problems


Inconvenienced Taxpayers

The 3 Month Payday Loans is most suitable options for the people who do not possess assets. There are a variety of loan options for the people who are willing to pledge assets against the cash

By: Cameron white l Finance > Personal Finance l July 09, 2013 lViews: 560

For many people, bankruptcy can make their world fall apart. The apparent loss of reputation coupled with the inability to take financial decisions can deter anyone from thinking clearly. But all is

By: noragwilt l Finance > Bankruptcy Lawyers l November 18, 2012 lViews: 304

If you are availing payday loans with monthly payments, it is easy for you to obtain quick money from online lending companies.By getting the best deals of loan, you can save money in terms of

By: Malen Cheks l Finance > Loans l November 16, 2012 lViews: 289

Loans online have become the popular source of income and people can make smart decision of taking it.Now, don’t go anywhere and sit in your home silently. Such deals would bring you money without

By: Marsh Jone l Finance > Loans l November 13, 2012 lViews: 288

Loans for the unemployed would let you feel comfortable with your unstable conditions due to jobless period.If you compare the rates of a few lenders, you would definitely get the suitable lender to

By: kelse roy l Finance > Loans l November 13, 2012 lViews: 467

By taking cash advance for bad credit, it is easy for you to improve your credit status. This loan is useful to relieve financial stress. This loan is totally free from credit verification and

By: Honard Nork l Finance > Loans l November 09, 2012 lViews: 301

So, you just landed a job with a good company on a decent package. The year went fine, and then you saw your colleagues talking about tax planning and filing of returns. But you are totally clueless.

By: Nishant S Agrawall Finance > Taxes Incomel June 20, 2012 lViews: 216

Is there any difference between a credit and deduction? We hear these words almost every day, but what do they mean? Is one better than the other? How can they affect my taxes and my yearly tax

By: Greg J Olsonl Finance > Taxes Incomel May 22, 2012 lViews: 134

There are many ways that people can minimize their taxes, but it often requires a certain degree of planning. Something that planning even need to take place during the and throughout the tax year

By: Greg J Olsonl Finance > Taxes Incomel May 21, 2012 lViews: 149

Why is it that so many Americans living abroad are behind on their tax filing requirements? The reasons are varied and nuanced, but breaking it down and compiling all the various reasons into a few

By: Horace W Reichartl Finance > Taxes Incomel May 15, 2012 lViews: 152

Be it returns, plans or self-assessments; managing tax affairs can often seem complex and daunting. Yet with millions of people unsure if they are paying too much tax, it is important that we are

By: John T Hughesl Finance > Taxes Incomel April 13, 2012 lViews: 169

I also assert that the accountant's copy of the judgment debtor's tax return is discoverable, because of The Internal Revenue Service Restructuring and Reform Bill of 1998 (HR 2676). This bill

By: Mark D Shapirol Finance > Taxes Incomel April 07, 2012 lViews: 213

Discuss this Article

comments powered by Disqus