This news is for all you going to the hood tax man that has that jibber-jabber about getting your refund back in a week:
When it comes to your tax returns, you hope they will be processed quickly. But now, the Internal Revenue Service claims a few of you won’t get yours right on time.
IRS officials say the delay in processing returns for taxpayers is due to late changes in the 2010 tax code.
They go on further to say they won’t be able to start the processing of your returns if you:
1. Itemize your deductions,
2. Claim a deduction for college tuition and fees
3. or if you’re a teacher who claims a deduction for out-of-pocket classroom expenses.
All of these won’t be processed until February 14th. There is good news for all other taxpayers. Your returns should be processed normally.
What’s real cold about this whole situation is…the hood tax man already knew this.