Your point?Rogue Scholar 05 wrote:
Did you read the article? The federal government is way behind of tax refunds. Why? I have no idea!
Ah, IRS admits that they are running behind the last few years pace but I am not sure their explain reason is correct. When Reagan was president he ordered all federal bills not to be paid until 90 days after receipt. He also changed pay-day for the from the last day of the month to the first working day of the month. Both were budget balancing gimmicks.
I knew about the contractors being paid late as I was supervising a civilian contract and they were always asking me when they would get their money.
Amid drive against ID theft, some tax refunds face delays
By Richard Rubin | BLOOMBERG NEWS JANUARY 30, 2013
Some taxpayers seeking a quick refund may have to wait longer than usual this year as the Internal Revenue Service tries to stop criminals who steal othersí identities and file fraudulent returns.
The agency, which began accepting 2012 returns Wednesday, is making its system more sensitive to signs of potential fraud, meaning some returns will get a closer look. Last year, the IRS prevented $20 billion in fraudulent refunds from being issued, up from $14 billion in 2011.
The efforts reflect the tension in the IRSís multiple missions, said Benson Goldstein, at the American Institute of Certified Public Accountants.
The IRS has been trying to to accelerate refunds in part to encourage electronic filing and in part to reduce taxpayersí reliance on short-term loans. But the speed of refunds presented an opportunity for fraud.
Got a clue what a point is? Eh?