IRS Delays Tax Refunds
|By Marie Havenga, Grand Haven Tribune, Mich.|
If you use popular forms such as education credit, depreciation and amortization or residential energy credits, you're stuck. You can't file until the
And if you're due a refund, the later you file, the later you'll receive your check from Uncle Sam.
Speaking of W-2s, you'll see something new this year on yours if you're part of an employee health insurance plan. Box 12 will show the code "DD" and the amount of your health insurance benefits.
Not to worry -- you won't be taxed on that amount. It's there to prepare for the new health insurance laws, which formally go into effect on
"People have been calling to see if we have them," Anderson said. "We had people that go south for the winter come in around Christmastime for their forms, but they just weren't available."
"It's frustrating," she said. "I was going to try to get my taxes done."
"I found pretty much everything I needed," he said. "Except they don't have the booklets for 1040-EZ or 1040."
Meads said his firm is proceeding to prepare clients' tax returns, but holding off on filing if a return needs the tardy forms.
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|Source:||McClatchy-Tribune Information Services|