Posts Tagged ‘AMT delays’

AMT May Delay Refunds to Poorest Taxpayers

Posted on: December 21st, 2007 by Kenneth Long No Comments

Congress dragged their feet once again on a proposal to extend the Alternative Minimum Tax patch. The purpose is to prevent middle class taxpayers from having to pay additional taxes originally levied on the wealthy.

Now, it appears that the IRS may need up to 7 weeks to reprogram their systems. This could delay tax refunds by up to a month. (more…)

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