Tax Rebates & Refunds

US taxpayers face delay on tax rebates

January 13, 2013
Posted in Other Tax — Written by Chris

According to press reports in the US, the recent passing of a bill in congress could mean that American taxpayers will face delays receiving tax rebates from the Internal Revenue Service (IRS).

The bill, which is related to a Fiscal Cliff deal put together by the United States Senate and is known as the American Taxpayer Relief Act of 2012, has caused uncertainty surrounding the acceptance date of tax returns by the IRS. This has not only led to confusion over when and how people can file their tax returns, but also worries that any tax refunds that are due may be paid late.

At statement from the IRS, which is the US equivalent of the UK’s tax department HM Revenue & Customs (HMRC), has not done much to clear up the issue for taxpayers and businesses. The statement read as follows:

“The IRS is currently reviewing the details of this week’s tax legislation and assessing what impact it will have on this year’s filing season.”

The IRS, which is expected to have to make changes to the tax code before tax returns can be submitted, also said that it will issue further guidance soon.

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