The IRS has warned consumers that due to recent budget cuts to the agency, the services provided are likely to be limited this tax season. This means there is a high chance of delayed refunds as well as long waits for taxpayers should they need assistance.
Kelly Phillips Erb, contributing writer to Forbes, warns these delays have potential to increase the risk of identity fraud, fewer resolutions, unanswered calls, and fewer audit closures.
Task season officially begins January 20. In light of the potential delays, it is recommended consumers submit their filings sooner rather than later.
Read more here- “IRS to Lose Tax Collectors, Do Fewer Audits in 2015,” (Gregory Korte, USA Today)
Olivia is a graduate of Villanova University where she studied Economics and History, minoring in Gender and Women's Studies. She also has experience working with federal legislatures on health care policy, women's issues, and Internet safety.