The IRS advises that some initial refunds may be delayed
The refunds from the first batch of returns electronically filed this year were due to be direct deposited by this weekend. Many of these refunds will be deposited as scheduled but the IRS has advised that there may be technical issues which may delay some portion of the refunds currently due to be released.
The issues are being worked on and resolution is anticipated soon. Apparently the IRS is using the new CADE system to process some refunds but they are still using older legacy systems to process other refunds. It seems that the delays are coming from the refunds processed through the older systems.
Again, it is anticipated that the delays will be resolved soon and the IRS recommends that taxpayers use the Where’s my refund tool to check the status of expected refunds.
Please call us as 803 732-4288 if you need assistance with this or any other tax related issues.