IRS warns that tax refunds will be delayed for low income earners

Mar 2012
55,486
36,978
New Hampshire
#1
If your refund is delayed this year, you can thank the IRS — and identity thieves.

Millions of low-income Americans who rely on their annual tax refund to help pay their bills are going to have to wait a few weeks longer to get their check this year as the agency cracks down on fraudsters. The delays impact 40 million working poor families claiming the earned income tax credit and the additional child tax credit.

"For most of these people it's the biggest check they are going to get all year," IRS Commissioner John Koskinen told the Associated Press in an interview. "We are sensitive to that."

Under the 2015 PATH Act that goes into effect this year, the IRS must delay these refunds to have more time to screen the returns. Scammers and organized crime syndicates have been filing fraudulent returns and claiming tax payers refunds before they have a chance to file, according to the IRS.

IRS Warns Tax Refunds Delayed For Low-Income Americans - NBC News
 
Likes: 1 person
Apr 2015
13,900
2,449
Katmandu
#3
If your refund is delayed this year, you can thank the IRS — and identity thieves.

Millions of low-income Americans who rely on their annual tax refund to help pay their bills are going to have to wait a few weeks longer to get their check this year as the agency cracks down on fraudsters. The delays impact 40 million working poor families claiming the earned income tax credit and the additional child tax credit.

"For most of these people it's the biggest check they are going to get all year," IRS Commissioner John Koskinen told the Associated Press in an interview. "We are sensitive to that."

Under the 2015 PATH Act that goes into effect this year, the IRS must delay these refunds to have more time to screen the returns. Scammers and organized crime syndicates have been filing fraudulent returns and claiming tax payers refunds before they have a chance to file, according to the IRS.

IRS Warns Tax Refunds Delayed For Low-Income Americans - NBC News
I am perfectly cool with that, there is a lot of fraud with the EIC.
 
Likes: 1 person
Sep 2014
4,636
1,388
South FL
#4
If your refund is delayed this year, you can thank the IRS — and identity thieves.

Millions of low-income Americans who rely on their annual tax refund to help pay their bills are going to have to wait a few weeks longer to get their check this year as the agency cracks down on fraudsters. The delays impact 40 million working poor families claiming the earned income tax credit and the additional child tax credit.

"For most of these people it's the biggest check they are going to get all year," IRS Commissioner John Koskinen told the Associated Press in an interview. "We are sensitive to that."

Under the 2015 PATH Act that goes into effect this year, the IRS must delay these refunds to have more time to screen the returns. Scammers and organized crime syndicates have been filing fraudulent returns and claiming tax payers refunds before they have a chance to file, according to the IRS.

IRS Warns Tax Refunds Delayed For Low-Income Americans - NBC News
I always read these things and wonder how people pull this off exactly? I mean, in one sense its clever, so clever that you'd think they'd ne clever enough to generate income honestly.
 

HCProf

Moderator
Sep 2014
27,519
16,637
USA
#5
IMO, the EIC is one of the reasons our current tax base cannot afford single payer insurance. You have taxpayers receiving 3x more in refunds than they paid in, while other middle class taxpayers are writing checks on April 15th for 3x more than they paid in.
 
Likes: 1 person
Jan 2014
17,209
4,750
California
#6
If your refund is delayed this year, you can thank the IRS — and identity thieves.

Millions of low-income Americans who rely on their annual tax refund to help pay their bills are going to have to wait a few weeks longer to get their check this year as the agency cracks down on fraudsters. The delays impact 40 million working poor families claiming the earned income tax credit and the additional child tax credit.

"For most of these people it's the biggest check they are going to get all year," IRS Commissioner John Koskinen told the Associated Press in an interview. "We are sensitive to that."

Under the 2015 PATH Act that goes into effect this year, the IRS must delay these refunds to have more time to screen the returns. Scammers and organized crime syndicates have been filing fraudulent returns and claiming tax payers refunds before they have a chance to file, according to the IRS.

IRS Warns Tax Refunds Delayed For Low-Income Americans - NBC News
Bajisima,

I can't believe there are still that many idiot wage slaves out there that have no problem giving the government a tax free loan every year.