• About Us
  • News
  • Join H&S
    • Careers
    • Merge With H&S
  • Contact Us
  • 1-800-924-6891
H&S Companies
  • Home
  • About Us
  • News
  • Our Services
      •   Accounting
      •   Assurance
      •   Business Consulting
      • ERP Systems
      •   Hospitality Specialists
      • I.T. Strategy & Consulting
      • Income Tax Provision
      •   Manufacturing Specialists
      •   Payroll Services
      •   Pension Administration
      • Research and Development Tax Credit
      •   Strategic Planning
      • Taxes
      •   Wealth Management
  • Client Tools
    • Client Login
    • Forms & Resources
    • File Upload
    • Upload Tax Documents
  • Locations
    • Big Rapids
    • Cadillac
    • Fremont
    • Grand Rapids – Cascade
    • Grand Rapids – West
    • Greenville
    • Hart
    • Lansing
    • Mount Pleasant
    • Muskegon
    • Reed City
    • Rockford
  • Forms & Resources
  • Client Login
  • File Upload
  • Pay Your Bill
  • Careers
  • Contact Us
  • 1-800-924-6891
  • Menu Menu

Issues with IRS Form 8863 Causes Refund Delay for Some Taxpayers

March 18, 2013/in Tax Tips/by revel


Tweet

hs-companies-form-8863-delaysThe IRS released a statement that some taxpayers who filed their return between February 14th and February 22nd may experience a delay in receiving their refund due to a software glitch. AccountingToday reported that more than 600,000 returns have been affected, with a large portion of those returns being from H&R Block.

According to AccountingToday, the delays occurred due to changes to Form 8863, Education Credits (American Opportunity and Lifetime Learning Credits). Originally, preparers were told to respond Yes or No to lines 23-26, which were added to the form this year.  The forms found in some tax software were programmed to actually require an “N” for no. The IRS is being forced to review the forms because of glitches in the programming. The IRS said it is working with affected software companies on the issue, so that no further delays occur.

If you plan to complete your own taxes, be sure to check with your software provider regarding any issues.

Please note that H&S Companies has not experienced any delays due to this issue. Remember, you can check the status of your refund via the IRS tool “Where’s My Refund”.

 

Sources:
IRS Statement on Form 8863, Education Credits 
600,000+ Tax Refunds Delayed by Education Credit Glitch 

Tags: Delays, Form 8863, Tax Tips
Share this entry
  • Share on Facebook
  • Share on Twitter
  • Share on LinkedIn
  • Share by Mail
  • Link to Dribbble
https://www.hscompanies.com/wp-content/uploads/2017/11/HS-logo-edit.png 0 0 revel https://www.hscompanies.com/wp-content/uploads/2017/11/HS-logo-edit.png revel2013-03-18 17:01:002018-03-27 20:41:43Issues with IRS Form 8863 Causes Refund Delay for Some Taxpayers

Recent Posts

  • Governor Whitmer signs legislation phasing out retirement tax & raising working families tax credit
  • Congrats to our Muskegon Office!
  • Estate Planning 101 Virtual Seminar
  • Receiving an Earned Income Tax Credit for 2022?
  • Questions on the changes related to R&D costs?

Categories

  • Affordable Care Act Tips + Updates
  • Articles
  • Committed to Our Communities
  • Fraud and Forensic Investigation
  • Locations & Services
  • Media
  • Newsletters
  • Press Releases
  • QuickBooks Tips
  • Tax Checklist
  • Tax Tips
  • Uncategorized
CPA's & Business Advisors
Need Help?
Pay your Bill

About Us | Our Services | Forms & Resources | 1-800-924-6891

Remote Desktop Server – Internet Explorer | Remote Desktop Server – Non Internet Explorer | Company Store | Uniprint Client

Copyright © 2023 H&S Companies. Site by CurlyHost.

Is All Income Taxable? Government Issues Proposed Rules to Clarify 90 Day Waiting Period Requireme...
Scroll to top