Tax refund delays expected due to PATH Act

2 years 2 months 3 weeks ago Friday, January 27 2017 Jan 27, 2017 Friday, January 27, 2017 2:52:00 PM CST January 27, 2017 in News
By: Desiree' Evans, KOMU 8 Reporter
loading

COLUMBIA - Millions of taxpayers across the United States will have to wait to receive their refunds due to the new Protecting Americans from Tax Hike (PATH) Act. 

According to the IRS, the main purpose of the Act is to help combat tax fraud and decrease illegal returns from being filed. The PATH act applies to taxpayers who have claimed the Additional Child Tax Credit (ACTC) or the Earned Income Tax Credit (EITC). 

Tax preparer for McMillen Tax Services, Leslie McMillen, said most taxpayers are aware of whether they qualify for either of the tax credits, but they should ask to be on the safe side. 

McMillen said the reason the refund is taking longer to be processed is because the IRS is making sure employers have sent in all the necessary information for its employees. 

"This year the employers are required to have their copies of W-2's submitted to the IRS by the end of February," he said. "So now the IRS will have the W-2's from the employer and when the employee files the tax return, if the return that they file does not have a W-2 in it, they will stop that return because they know it's a fraudulent return."

McMillen said the returns will not be issued before Feb. 15 under the PATH Act. 

According to the IRS "many affected taxpayers may not have actual access to their refunds until the week of Feb. 27."

McMillen said because of the new Act, he has noticed his clientele is not as busy as it usually is around this time. He also said the clients he has had so far haven't been too upset about the delay because they know there is nothing that can be done about it. 

Columbia resident Barbara Lee said the issue didn't really matter to her because she normally files her taxes later during tax season anyways. 

But for another Columbia resident, Bryan Yochum,e said he was shocked. 

"People need that money," Yochum said. "Now that I might have to wait for money, it's kind of nerve-wrecking."

Yochum said he didn't know about the PATH Act or its qualifications, and that he would be returning to his tax preparer to see if he falls under the qualifications for the act. 

McMillen said even though some taxpayers will see delayed refunds, he still encourages them to file as soon as possible. 

"I see no point in waiting if they have everything ready," said McMillen. 

The last day to submit 2016 taxes is April 18. 

 

More News

Grid
List
COLUMBIA - As bargaining negotiations between MU and its maintenance workers approach, one local union plans to call on the... More >>
2 hours ago Thursday, April 25 2019 Apr 25, 2019 Thursday, April 25, 2019 3:07:00 AM CDT April 25, 2019 in News
COLUMBIA - Former Mizzou head football coach Gary Pinkel formally announced the launch of his foundation, called “GP M.A.D.E.” Wednesday... More >>
7 hours ago Wednesday, April 24 2019 Apr 24, 2019 Wednesday, April 24, 2019 9:47:00 PM CDT April 24, 2019 in News
COLUMBIA - The city's Airport Advisory Board met Wednesday for the first time since Columbia Regional Airport had to close... More >>
9 hours ago Wednesday, April 24 2019 Apr 24, 2019 Wednesday, April 24, 2019 8:01:00 PM CDT April 24, 2019 in News
COLUMBIA- A proposed wind project in Harrisburg is now getting the local government involved. The Boone County planning and... More >>
9 hours ago Wednesday, April 24 2019 Apr 24, 2019 Wednesday, April 24, 2019 7:55:00 PM CDT April 24, 2019 in News
JEFFERSON CITY - People gathered in downtown Jefferson City Wednesday evening to walk for Rape and Abuse Crisis Service or... More >>
9 hours ago Wednesday, April 24 2019 Apr 24, 2019 Wednesday, April 24, 2019 7:48:00 PM CDT April 24, 2019 in News
JEFFERSON CITY - The Missouri House will hold a public hearing Thursday morning to allow people with disabilities to renew... More >>
9 hours ago Wednesday, April 24 2019 Apr 24, 2019 Wednesday, April 24, 2019 7:29:00 PM CDT April 24, 2019 in News
CALLAWAY COUNTY - The Missouri House of Representatives passed a bill Tuesday that allows the state to sell Rice Hall,... More >>
9 hours ago Wednesday, April 24 2019 Apr 24, 2019 Wednesday, April 24, 2019 7:25:00 PM CDT April 24, 2019 in News
JEFFERSON CITY - Cancer patients could receive health insurance coverage for dental and fertility preservation procedures if two Missouri House... More >>
11 hours ago Wednesday, April 24 2019 Apr 24, 2019 Wednesday, April 24, 2019 5:26:00 PM CDT April 24, 2019 in News
JEFFERSON CITY - Jefferson City Police are trying to figure out what happened at a big fight near Lincoln University's... More >>
13 hours ago Wednesday, April 24 2019 Apr 24, 2019 Wednesday, April 24, 2019 4:04:00 PM CDT April 24, 2019 in News
COLUMBIA - People wanting to draw attention to sexual violence made more than a fashion statement by wearing denim on... More >>
13 hours ago Wednesday, April 24 2019 Apr 24, 2019 Wednesday, April 24, 2019 3:45:00 PM CDT April 24, 2019 in News
COLUMBIA - Columbia Public Schools provided additional information Wednesday amid a legal dispute over collective bargaining with the Columbia Missouri... More >>
14 hours ago Wednesday, April 24 2019 Apr 24, 2019 Wednesday, April 24, 2019 3:18:00 PM CDT April 24, 2019 in News
FULTON - The Fulton Fire Department is starting the process to carry and use Narcan, or the generic Naloxone, during... More >>
14 hours ago Wednesday, April 24 2019 Apr 24, 2019 Wednesday, April 24, 2019 3:03:00 PM CDT April 24, 2019 in News
COLUMBIA – The Missouri River Relief, a nonprofit organization, met with Columbia Public Schools to use their new boat, “Lucia,”... More >>
14 hours ago Wednesday, April 24 2019 Apr 24, 2019 Wednesday, April 24, 2019 3:00:00 PM CDT April 24, 2019 in News
JEFFERSON CITY – A new bill is designed to simplify the tax process by cutting the number of income tax... More >>
15 hours ago Wednesday, April 24 2019 Apr 24, 2019 Wednesday, April 24, 2019 2:14:00 PM CDT April 24, 2019 in News
JEFFERSON CITY (AP) — Missouri Gov. Mike Parson is seeking a major disaster declaration in response to severe flooding in... More >>
18 hours ago Wednesday, April 24 2019 Apr 24, 2019 Wednesday, April 24, 2019 10:52:00 AM CDT April 24, 2019 in News
COLUMBIA – Several community members joined Columbia Police Interim Chief Geoff Jones and committee panel members Tuesday to discuss racial... More >>
1 day ago Tuesday, April 23 2019 Apr 23, 2019 Tuesday, April 23, 2019 7:21:00 PM CDT April 23, 2019 in News
COLUMBIA - Columbia's Building Construction Codes Commission approved reconstruction plans for the Columbia Canine Sports Center at a meeting Monday... More >>
1 day ago Tuesday, April 23 2019 Apr 23, 2019 Tuesday, April 23, 2019 7:00:00 PM CDT April 23, 2019 in News
COLUMBIA - The Columbia Missouri National Education Association (CMNEA) filed a lawsuit in Boone County alleging Columbia Public Schools violated... More >>
1 day ago Tuesday, April 23 2019 Apr 23, 2019 Tuesday, April 23, 2019 6:58:00 PM CDT April 23, 2019 in News
Columbia, MO
Broken Clouds 57°
6am 54°
7am 55°
8am 57°
9am 59°