IRS recommends filing tax return early to avoid delays

The Inner Income Service’s battle in opposition to fraud and id theft is intensifying because the tax-filing season opens, and a number of the neediest taxpayers are getting caught within the center.

The company is barred from issuing refunds earlier than Feb. 15 on any returns claiming the Earned Revenue Tax Credit score or the Further Youngster Tax Credit score. Congress mandated the delay to provide the IRS extra time to overview returns to attempt to catch fraudulent ones earlier than refunds are paid out.

In actuality, taxpayers taking these credit will most likely have to attend even longer to get their refunds — till the week of Feb. 27, the IRS says, due to weekends and the Presidents Day vacation.

Dave DuVal, vp of buyer advocacy at TaxAudit.com, says the influence on these taxpayers might be large. “They stay paycheck to paycheck, and that is cash they’re relying on,” he mentioned.

Nonetheless, the try to scale back fraud “is a constructive factor total,” mentioned Greg Rosica, tax companion at Ernst & Younger.

The IRS started accepting returns Jan. 23, and tax consultants suggest that People proceed to file their returns early, even with the refund delays.

“For this tax season, it’s extra vital than ever for taxpayers to plan forward,” IRS Commissioner John Koskinen mentioned.

This yr’s submitting deadline is Tuesday, April 18, for the reason that conventional April 15 date falls on a Saturday, and D.C. Emancipation Day is noticed on April 17.