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Post by avordvet on May 21, 2011 7:37:36 GMT -5
Just another isolated incident... IRS snafu leaves taxpayers, refunds in limbo for monthsBy Bob Sullivan It's perhaps the very definition of Red Tape. Four years ago, Congress decided that the IRS should get into the banking business, authorizing it to give out no-interest loans to first-time homebuyers. That put the agency in the position of both collecting loan payments and issuing tax refunds to the roughly 1 million taxpayers who took advantage of the program. This year, the odd arrangement overwhelmed IRS systems, and an unspecified number of taxpayers have been forced to wait four months or more for their tax refunds. In fact, many are still waiting.... redtape.msnbc.msn.com/_news/2011/05/19/6677463-irs-snafu-leaves-taxpayers-refunds-in-limbo-for-months
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