The pace of income tax returns that have been filed with the Internal Revenue Service is slowing down, compared with last year, but the size of the average income tax refund remains significantly higher, further confounding members of the accounts receivable management industry, who had expected tax refunds for 2021 …
Read More »Average Tax Refund up 15% YoY While Problems at IRS Persist
There is good news and bad news about income tax filing season. The good news is that the average refund through the first month of income tax season is 15% higher than the average refund through the same period a year ago. The bad news is that problems at the …
Read More »IRS Shares Details About 2021 Tax Season; Special Access to Tax Prep Webinar Recording
I’ve included a couple of links and references in the “Worth Noting” section of The Daily Digest this week with details about income tax returns, but wanted to put everything together and share access to a webinar recording on the topic of how companies in the ARM industry should be …
Read More »Furloughed Employees May Turn to Tax Refunds, Payday Loans to Stay Afloat During Shutdown
While AccountsRecovery.net has written a fair bit about the government shutdown, including which agencies are closed and which are still open, and how furloughed employees can try and work with creditors and debt collectors to not fall too far behind, and even how the Internal Revenue Service will still be …
Read More »IRS To Mail Out Refunds Even if Shutdown Continues
In an announcement that will be very welcome news to the credit and collection industry, the Internal Revenue Service announced yesterday that income tax refunds will still be mailed out even if the government shutdown continues. There had been concerns that the tax agency would not mail out refund checks …
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