“Will my refund be delayed this year” is becoming an all too common refrain these days. Delayed e-filing dates, IRS not accepting tax forms & documents not being mailed out on time have all occurred over the last few years and have caused refund delays. However for the 2017 tax filing season (2016 tax year), it looks like we will get hit with all three of these scenarios at once:
Electronic Filing Date Delayed
This tax year, E-filing will begin January 23rd, 2017. Electronic filing has historically began around January 15th. However, over the past few years, these dates have been pushed back from a couple of days to a couple of weeks, so this is becoming common practice by the IRS. Returns may be filed before this date, however the IRS will not process them until 1/23/17.
IRS Delaying Processing of Popular Tax Credits
The IRS has announced that the following tax credit forms will not be accepted for processing until February 15th, 2017:
- Earned Income Tax Credit (EITC)
- Additional Child Tax Credit (ACTC)
- The American Opportunity Credit (AOTC).
This is a nationwide law change required by Congress in the Protecting Americans from Tax Hikes (PATH) Act; this is not a company or state change. If you normally file your taxes around this time (2/15/17), this delay should have a minimal impact on you. However, if you tend to file early and/or have plans for your tax refund in advance, R&G Brenner suggests that you prepare yourself accordingly. If you are unable to save funds, don’t worry, you can apply for R&G Brenner’s refund advances & referral rewards for CASH! (below).
R&G Brenner Refund Advances
If you rely on your refund, and these delays will seriously affect you, don’t worry; R&G Brenner has multiple refund advances for qualified R&G Brenner clients:
- Early Bird Special: File with R&G Brenner before 2/15/17 and walk out with up to $200 Cash the very same day. Click here to learn how to apply for the Early Bird Special.
- Easy Advance: Apply for up to a $1,250 refund advance. Requires filing of tax return via Refund Transfer bank product. Click hear to learn how to apply for Easy Advance.
R&G Brenner Referral Rewards
Taxes may never be fun, but they are rewarding with R&G Brenner on your team. Last year we paid out over $100,000 in CASH for client referrals. Get $50 CASH for every new client you refer to R&G Brenner; NO LIMIT! Click here to start earning today!
While we can’t control IRS delays, we can offer our clients a little relief from these delays. Become an R&G Brenner client and receive the benefits. Schedule an appointment today for a FREE estimate or call us toll free at (888) APRIL-15.