Tax Glitch Affects 660,000 Returns

KANSAS CITY, Mo. (AP) -- A tax-preparation glitch affecting about 660,000 tax returns will delay refunds by as long as six weeks, with customers of the nation's largest tax preparer among those affected.

The Internal Revenue Service says the problem involved a form used to claim educational credits and occurred between Feb. 14 and Feb. 22. A statement from the IRS says a "limited number of software company products" were involved.

The IRS doesn't name any companies. But Kansas City-based H&R Block (NYSE: HRB  ) has been informing customers about problems. H&R Block spokesman Gene King says the company isn't saying how many of its customers were affected.

The IRS says the number of returns affected is about 10 percent of the total returns claiming the credit. The agency vowed to "aggressively" address the situation.link


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

DocumentId: 2311412, ~/Articles/ArticleHandler.aspx, 7/24/2014 7:02:13 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

TREND TRACKER: Get Rich When the Web Goes Dark

It's time to say "goodbye" to your Internet! One bleeding-edge technology is about to put the World Wide Web to bed. And if you act right away, it could make you wildly rich. Experts are calling it the single largest business opportunity in the history of capitalism… The Economist is calling it "transformative"... but you'll probably just call it "how I made my millions." Big money is already on the move. Don't be too late to the party – find out the 1 stock to own when the Web goes dark.


Advertisement