IRS MAY EXPAND HOLDS ON TAX REFUNDS

摘要

The Internal Revenue Service is considering expanding a program under which it delays tax refunds for up to six months for delinquent taxpayers. A new report released by the Treasury Inspector General for Tax Administration noted that the IRS has the authority to delay issuing income tax refunds for up to six months while it investigates tax return delinquencies from other tax years. Holding the tax refund encourages taxpayers to resolve their delinquent filing obligations earlier, the report noted. IRS management had earlier considered expanding the program by lowering the dollar threshold required to put a tax refund on hold. The exact amount of that threshold and where it would be expanded were redacted from the public version of the report.