Newsletter

Newsletter

The IRS will delay refunds in 2017

In response to identity theft that has occurred in previous years the IRS has taken steps to tighten controls over refunds. A new sixteen digit code will be required on W-2s in order to facilitate matching of information reported on tax returns. The IRS will be delaying the issue of refunds in order to perform additional review, in part due to the additional W-2 matching. Any refund due to the child tax credit or earned income tax credit can be expected to be delayed. The IRS has stated they will not release any refunds until February 27 of this year however filers should not hesitate to file their returns in due course.

Emily Acevedo