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Tuesday, March 29, 2011

Case of a 145-Day Tax Refund Delay

March 28, 2011, 3:00 PM

Case of a 145-Day Tax Refund Delay

Tim Ryan has been sucked into a vortex of bad tax luck. Last week, we reported that some taxpayers were facing delays in getting refund checks, due to computer snafus in processing their repayment of the 2008 first-time home buyer tax credit. (The credit was really a no-interest loan and has to be repaid over 15 years, beginning this year). Many of those filers, the Internal Revenue Service says, should begin getting their refunds in April.

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