from the government-happy-to-keep-your-money-a-while-longer dept.

Tax refunds for about 600,000 taxpayers claiming an education credit will be delayed, the Internal Revenue Service said on Wednesday, citing a software glitch at some tax-preparation companies, including industry leader H&R Block Inc. Refunds may be delayed four to six weeks from mid-February, likely not showing up until late March, the IRS said. … On Tuesday, a Wal-Mart Stores Inc executive said shoppers had cashed about $2.7 billion in tax refund checks at its U.S. stores so far this year. At this point last year, that amount was about $4 billion. The IRS delayed the start of the tax filing season by eight days, to January 30, due to the enactment of tax law changes made to resolve the “fiscal cliff.

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Joseph Forbes (677)

Information Technology Consultant. For SMB, SOHO, and Online business. From Computers to Telecommunications this guy has been into it since hippies made it hip. Drone Pilot and Tech Aficionado I get to travel the State of Texas to help businesses succeed.