Will Your Tax Refund Be Delayed?
It’s only January, but because the calendar has turned to 2015, that means the tax season is officially here. While most people don’t file their taxes in January, there are a few early birds who go after the first worms of the year, so-to-speak. Although it’s often a good idea to make sure the IRS, and your tax preparer, has all the new tax laws in place before you file your taxes, it sounds like filing early this year could be a good idea.
That’s because for those who want to get their refund back quickly the longer they wait to file could mean the longer they wait to get that refund. Of course, in any year most people who wait to file will have to wait longer to get their refund. The more returns the IRS has to check the longer it’s going to take, so naturally if you wait to file, chances are you’ll wait longer to see the money in your account.
However, it appears that this year the wait could be even longer than normal, that’s because according to recent reports, budget cuts at the IRS could really slow things down. While IRS Commissioner, John Koskinen assures the country that everyone’s return will indeed get processed, he also says that with the agencies limited resources this year, including employees, that the IRS will most likely not be able to provide filers with refunds as quickly as they have in the past.
However, the commissioner did not give an estimated timetable for how long people might have to wait to see their refunds, only that it could take longer. The IRS is feeling the pinch in resources after Congress cut its budget by $346 million for the coming year, which ends in September.
Whatever the case, you can contact GROCO anytime you are ready to start preparing your tax return this season. Just call us today at 1-877-CPA-2006, or click here to get in touch with us online.
Reframing Mental Health For A New Generation Of Athletes
By the time most professional athletes hang up their skates, cleats, or jerseys, the public assumes the hardest battles are behind them. For former professional hockey goaltender Chuck Thuss, the most significant battles began long after the final buzzer. Today, Thuss is the Founder and CEO of Compassionate Connection and co-host of the mental-health-focused podcast…
How Great Leaders Make High-Stakes Decisions
In boardrooms and executive retreats around the world, the most difficult leadership moments rarely announce themselves with flashing lights. They arrive quietly—masked as misalignment, cultural drift, or the slow erosion of strategic focus. For Matt George, these moments are where real leadership is forged. After more than three decades leading one of Illinois’ largest social-impact…
Kollectiv AI
Late one night in San Francisco, long after his kids had gone to sleep, Andrey Akselrod sat at his desk staring at a small stack of papers that had come to define his year. They were hospital bills—simple on the surface, catastrophic in practice. The visit itself had lasted only 24 hours. The aftermath stretched…
The Great Estate & Gift Tax Showdown of 2026
1. Background Current Law (2025): As of 2025, the U.S. federal estate tax imposes a 40% tax on the value of estates and lifetime gifts exceeding a unified lifetime exemption of about $13.99 million per individual (double for a married couple using “portability”)[1]. This exemption – also applicable to the generation-skipping transfer (GST) tax –…