Tax refunds face more delays - News, Weather and Sports for Lincoln, NE; KLKNTV.com

Tax refunds face more delays

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By: Megan Palera
mpalera@klkntv.com

Getting that tax refund from Uncle Sam may take even longer this year.

A lot of people were able to file beginning January 30th. But the snag comes in for the millions of others who itemize, and CPA's say they've never seen a year this bad before.

Folders are stacked high on the floor and tables at Bryant, Katt & Associates in Lincoln. Every day, CPA Bob Bryant wonders, which tax forms can finally be filed?

"Every few days that list gets smaller, but there are still critical forms that can not be filed," Bryant said.

Forms like rental property or fuel tax credits for farmers still can't be filed. Uncertainty over the so-called "fiscal cliff" delayed the start of the tax season filing and now the entire system is backed up. So while Bryant's work is complete, his clients still have to wait for the IRS to accept the e-file.

"We've tried to discourage them from calling us and saying, can we file yet? Can we file yet? Can we file yet? Because we'd be getting too many phone calls," Bryant said.

The longer Bryant has to wait to file those returns, the longer his clients have to wait to get their refunds. And that is putting some people in a financial bind.

"This year the list was a lot longer than normal. The IRS was later than normal it applies to more people," Bryant said.

If you are one of the many people still waiting to file, you can check the IRS' website to see which forms are accepted. The IRS will update the list in the first week of March.

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