“This would be the same experience for taxpayers if the filing season opened in late January,” the agency said. By law, the agency cannot issue refunds to people claiming the credit until after mid-February, as part of anti-fraud efforts.Updated Jan. 23, 2021, 10:05 a.m. ETThe I.R.S. said taxpayers seeking prompt refunds should file their returns electronically. “Avoid filing paper returns wherever possible,” the agency said.Certain tax forms and attachments can’t be filed electronically, said Erin M. Collins, the national taxpayer advocate, but most can.Although the I.R.S. won’t start accepting and processing returns until …
I.R.S. Pushes Back Start of 2020 Tax Filing Season
: IMF warns ‘cryptoization’ of emerging economies could threaten growth, financial stability
NewsWatch: The biggest risk facing investors this earnings season is lurking just beneath the surfac...
: Mortgage rates jump above 3%, creating pressure for home buyers
They Want to Hand Your Kid a Debit Card. What Do You Do?