RRC agian

[Larmil]

This from IR 2009-10:

"Refund delays. IRS personnel are aware of reports that errors in claiming the recovery rebate credit could delay tax refunds for as much as eight to 12 weeks. These reports are false. As the IRS detects and corrects return errors concerning the recovery rebate credit, refund delays are currently no longer than about one week.

One payment. In addition, the IRS notes taxpayers will receive a single refund that includes any recovery rebate credit to which they are entitled. The IRS will not be issuing separate recovery rebate credit payments. "

[Fuzzy Faced Leader]

What's interesting is where the rumors came from, if not the IRS. At least we have something official, to pass onto the clients.

[Brad Imsdahl]

Thanks for the tip. We posted the information on our updates page.

http://www.thetaxbook.com/view_update.asp?1=122

[Edsel]

Thanks

Thanks, folks, for this new perspective. This means we WON'T have to confront clients with a choice between a speedy refund and an increased refund.

Amazing that this thing got enough traction to scare off the RAL banks. Wonder how they're going to react to this...

[joanmcq]

they came from the banks that did not want to issue RALs on RRC returns.