H&R Block Responds to IRS Delay
Due to late passage of tax legislation, the IRS announced today it will begin processing federal income tax returns on Jan. 30. That is eight days later than originally planned.
This does not mean taxpayers have to delay preparing their tax returns, however. Whether taxpayers prepare in one of H&R Block’s 11,000 tax offices or use our At Home product, they can prepare their returns now and we will hold them until the IRS is ready to begin processing.
“While the IRS indicated some forms may be delayed, the majority of taxpayers can begin the filing process now. By preparing the tax return with H&R Block now, taxpayers can have confidence they’ll get their tax refund as fast as possible,” said Kathy Pickering, executive director of The Tax Institute at H&R Block.
According to IRS data, approximately 18 million total taxpayers typically file a tax return in January with 98 percent of those receiving a refund. “With refunds now coming several weeks later, those who can afford it the least are impacted the most,” Pickering said.
To ensure timely processing of the return and refund delivery, H&R Block recommends taxpayers still prepare their return as they normally would.
H&R Block advises upcoming tax deadlines for victims of recent disasters. The IRS has granted late-filing relief to affected taxpayers.
Millions of taxpayers are continuing to procrastinate on doing taxes and filing a late tax return.
Taxpayers who submitted an extension to file before the April 18 midnight deadline; their returns are now due by Oct. 16.
Keep in mind that an extension to file is not an extension to pay. Don't forget to pay your tax bills before the deadline to avoid delayed tax return penalties.