refunds
Filing Season Opens on Time Except for Certain…
Filing Season Opens on Time Except for Certain Taxpayers Potentially Affected by AMT Patch
WASHINGTON — The Internal Revenue Service announced today that the upcoming tax season is expected to start on time for everyone except certain taxpayers potentially affected by late enactment of the Alternative Minimum Tax “patch.”
Following extensive work in recent weeks, the IRS [...]
Tax refunds face a delay
WASHINGTON – President Bush on Monday pushed Congress to pass a one-year fix to the alternative minimum tax, which threatens to hit 23 million federal tax filers, warning that failure to do so could delay tax refunds next year.
The alternative minimum tax, or AMT, is calculated alongside the income tax, with the taxpayer paying the [...]
