The IRS Is Urging Millions of Taxpayers to Delay Filing a Return
The uncertain economy, historically high inflation, and rising interest rates have many cash-strapped Americans scrambling to gather the documentation necessary to file their tax returns, particularly those that are expecting a refund. Indeed, the Internal Revenue Service (IRS) has already begun accepting returns for the 2022 tax year as of Jan. 23, 2023.
Unfortunately, for millions of taxpayers, a number of unanswered questions have caused the IRS to take the unusual step of asking some taxpayers to delay filing their returns. The issue involves the federal tax treatment of a number of state-issued rebates and one-time tax refunds issued last year.
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Source Fool.com
