IRS forecasting quarterly payment and tax refund delays

Various sources are now reporting that the Internal Revenue Service is holding up millions of tax refunds for manual processing. Furthermore, they are faced with manually processing many of the quarterly payments that were required by April 15 as their automated systems were unable to process them.

The recent tax laws passed by Congress created complexities beyond what their systems were able to accomodate. Industry groups such as the National Conference of CPA Practitioners had foreseen these difficulties and had urged the IRS to delay the deadline for the payments until May 15th to align with the modified extended filing date but were rebuffed.

Anyone wanting to check the status of their return can access the IRS website and use their "Where is my Refund" tool to check the status of their submitted return.