The Internal Revenue Service (IRS) has warned of tax refund delays this year due to the budget cuts.
Normally, the regulating agency issues refunds to the taxpayers quickly without much delays, but this year is likely to be exceptional as some paper tax filers have to wait for their refunds.
In a memo to employees on Tuesday, IRS Commissioner John Koskinen wrote: “Because of the budget cuts, those who have filed paper tax returns could wait an extra week for their refund or possibly longer.”
According to the officials, the tax filler who have committed mistakes while filling tax returns or have questions that require additional review are also expected to face delays for their refunds.
The agency said that despite the odds it has planned to issue 90 percent of refunds within 21-day period. The refunds for paper returns, which take four to six weeks generally, may possibly take at least seven weeks, according to a statement by the IRS.
In December, the US Congress had given green signal to a USD 10.9 billion budget for the Internal Revenue Service for the current fiscal year 2015, which ends in June. This is the lowest funding level since 2008, Koskinen said.
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