Tax Refunds Slowed Down due to ACA Budget Cuts, ACA Requirements - TopicsExpress

Tax Refunds Slowed Down due to ACA Budget Cuts, ACA Requirements May Overwhelm IRS. Brian Williams reported on NBC Nightly News (1/20, story 9, 2:15, Williams) that tax season “is officially underway,” but IRS Commissioner John Koskinen “is oddly warning that things might be even more frustrating than usual for all of us who have to file tax returns, and the tax refunds that so many American families count on might be delayed.” Correspondent Peter Alexander said the IRS, pointing to years of budget cuts, predicts it will only be able to answer half of the 100 million calls it expects from taxpayers. Meanwhile, tax firms “may capitalize on the confusion created by new Obamacare rules in effect for the first time.” People who received health insurance subsidies, for example, “will need to fill out extra forms.”

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