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Sunday, March 17, 2013

Tax Refunds Delayed

The Internal Revenue Service says 660,000 taxpayers will have their refunds delayed because of a software glitch. The delays could last six weeks. The bug affects people using Form 8863 for claiming education credits, who filed between Feb. 14 and Feb. 22. The form includes a series of questions. On some of the questions, if the taxpayer answered "no," the answer was left blank when the form was electronically transmitted to the IRS. Tax preparer H&R Block says it has fixed the problem. A Turbo Tax spokesman said its software is OK.

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