Some May Have to Wait to See Tax Return Money - WLNS TV 6 Lansing - Jackson | Your Local News Leader

Some May Have to Wait to See Tax Return Money


LANSING, Mich. (WLNS) - The fiscal cliff has created a fiscal wait for some taxpayers. You may be ready to file your return, but the government isn't quite ready to accept it.

Nick Hammond thought he was getting an early start on his taxes. He's counting on a decent refund, but has just learned the government won't even look at his return for more than a month.

"If you have rental income, apparently the U.S. government's not prepared to handle your tax return until early March. And therefore, you know, even though the early bird gets the worm, this time I still don't get the prize. I gotta wait til March no matter what I do," said Hammond.

Hammond won't be alone. The IRS is still working on changes to a number of forms. Even though the 1040 form hasn't changed, tax preparers say even those with simple returns will have to wait because the IRS has been offline revising it's e-file process for the new tax law.

"We got this delay, the IRS said they're not going to open up their Internet gauge until the 30th, and on the 30th, millions and millions and millions of prepared tax returns are going to dump on the IRS," said Joe Cox.

A flood of returns, the government says, will mean even the earliest filers won't see a refund until at least February 21st.

"There's a significant amount of money that circulates in a community like Lansing from the refunds. And when it's gonna be delayed that long, it's been difficult for a lot of people to learn that and have to adjust to it," said Cox.

You can track your tax return and also find a full list of forms delayed online, just visit Seen on 6 for a link.

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