Probably not going to be a pretty picture for the January mobs who visit Block and J-H or Liberty to get their annual handouts.
"This change begins Jan. 1, 2017, and may affect some returns filed early in 2017. Additional information is listed below.
To comply with the law, the IRS will hold the refunds on EITC and ACTC-related returns until Feb. 15.
This allows additional time to help prevent revenue lost due to identity theft and refund fraud related to fabricated wages and withholdings.
The IRS will hold the entire refund. Under the new law, the IRS cannot release the part of the refund that is not associated with the EITC and ACTC."
SOURCE: https://www.irs.gov/for-tax-pros/new...-in-early-2017
FE
"This change begins Jan. 1, 2017, and may affect some returns filed early in 2017. Additional information is listed below.
To comply with the law, the IRS will hold the refunds on EITC and ACTC-related returns until Feb. 15.
This allows additional time to help prevent revenue lost due to identity theft and refund fraud related to fabricated wages and withholdings.
The IRS will hold the entire refund. Under the new law, the IRS cannot release the part of the refund that is not associated with the EITC and ACTC."
SOURCE: https://www.irs.gov/for-tax-pros/new...-in-early-2017
FE
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