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December 14, 2007

Congress’ Inaction Will Cause Delay in Refunds

Published by TaxGuy on December 14, 2007
Congress’ Inaction Will Cause Delay in Refunds Although we hate to continually pick on Congress, their inaction on getting legislation passed for the AMT (Alternative Minimum Tax) patch this year will cause a delay in refunds for early filers. And of course, as of December 4th, we still don't know what's going to happen with this legislation, or what the AMT exemption is. To worsen an already difficult situation, the IRS will need 10 weeks from the time legislation is passed until they are ready to administer the tax and make ...
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