You could be waiting quite a while to get your federal tax refund.http://www.620wtmj.com/news/local/139335828.html
A new system, called Modernized e-File, was supposed to make everything faster but isn't working right. Friday, the IRS asked preparers not to use it at all. And that means it could take extra time for your refund to find its way to you.
Tax season is tough enough, and now, there's another hurdle. The IRS e-filing system isn't working as well as they hoped, and it's causing delays in your refund. In some cases, by weeks.
"They have experienced about 40 percent of the returns, they had a delay," said Brenda Spencer of Liberty Tax Service.
The IRS system has been trying Modernized e-File for years, but this year was the full blown launch. It still accepts your return, but can't process it as fast as promised. Another problem: checking your return status.
"It's literally called 'where's my refund', it supposedly has no information about where your return is at or when your refund is expected," said CPA Norman Wahn.
Count me as one of them. Filed on Feb 2nd, IRS accepted it on the 3rd and had a direct deposit date of the 15th. Still nothing yet. I was kind of counting on it (I'm getting over $1000 back) as I was going to put a down payment on a new apartment this weekend.
Anyone else experience a delay with their refund?