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.
Breaking the 4 Minute Mile
Breaking the 4 Minute Mile By Bree Bowman Eagle Scout Speech 6/30/09 For more than 100 years, runners tried to break the 4 minute mile. It was considered the “Holy Grail” of track and field. Many said it couldn’t be done. In fact, doctors wrote articles in medical journals explaining why it was physically impossible…
Vampire Meetings and How to Slay Them
Vampire Meetings and How to Slay Them By Peg Kelley Meetings can be like mythical vampires – sucking the life out of intelligent and creative people. And sucking the funds out of businesses. Unfortunately, there are too many of these meetings in business today. A UCLA study said the “typical” meeting includes nine people. If…
The Four Primary Functions of CEO Leadership
The Four Primary Functions of CEO Leadership By Rick Johnson The majority of effective functions of a CEO/President leaders seem to be natural visionaries. Although, I admit, that there are successful leaders that can’t see past lunch. However, those leaders without the vision that are successful are successful because they have the unique ability to…
10 No-Cost Ways to Recognize Employees
10 No-Cost Ways to Recognize Employees By Marjorie Treu 1/21/2009 Turn on any nightly newscast and you will hear the doom-and-gloom predictions of an economic recession just around the corner. Reactions inside organizations run the gamut from “Things are great. Go Team Go!” to “Stop all spending now!” based on manager leadership styles and their…