As we have been advising, there is a significant increase in the amount of tax refund fraud. In light of this, the IRS is implementing many, new security measures to limit these instances. Unfortuantely, due to the timing of implementing these new security measures, many taxpayer are experiencing delays in receiving their refunds.
The IRS has indicated that we can expect a one week delay due to these new anti-fraud safeguards. However, many of our clients are experiencing much longer delays than a week.
We will keep you posted on the progress of these new measures and their impact to your refund. If you have any questions or need any additional information, please do not hesitate to contact me us.