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why do we have to wait to file taxes

In less than two weeks, taxpayers will be able to file their tax returns. PBut many taxpayers will have to wait longer to cash out their tax refunds thanks to new efforts from the IRS and state tax authorities to catch tax fraud. Illinois announcedPthis week that it will delay tax refunds to have more time to verify tax returns. State tax refunds wont be issued until after March 1, the states department of revenue announced on Monday. The move comes at a time when tax-related identity theft isPa growing problem for tax groups, including the IRS and state tax authorities. An apparent spike in suspicious returns during the last filing season led to a series of new efforts from the IRS, state tax authorities and the tax preparation industry to cut down on refund theft during the upcoming filing season, which startsPon. By delaying taxPrefunds by just a few weeks, well be able to better detect attempts at identity theft andPensure taxpayer refunds do not fall needlessly into the hands of criminals, Connie Beard, the director of the Illinois Department of Revenue, said in a statement. Similar efforts to delay refunds until at least late February last yearPsaved the state from payingPabout $5 million in fraudulent refunds, Beard said in the statement. This year, state tax agencies are partnering with the IRS and tax preparation companies to share informationPabout suspicious tax returns in an effort to be better about catching tax fraud as it happens. Many states have beenPrevising their fraud filters to identify the phony returns being filed by criminals to steal fraudulent tax refunds. For example,PAlabamaPisPasking taxpayers to fill out questionnaires meant to help verify their identities, before tax refunds are paid out. The state is also asking employers to send W2 forms earlier, by the end of January, so that it can have the data available to help verify tax returns as they come in, saidPJulie Magee, commissioner of revenue for Alabama.

All suspicious returns, such as those with employment informationPthat doesnt match their records,
P will be heldPuntil they can confirm a persons identity, MageePsaid in an interview last fall. Or we wont pay them at all, she said. Some taxpayers also faced delays with theirPfederal tax refunds last year because of added fraud prevention P efforts, National Taxpayer Advocate Nina E. Olson said in her, which was released Wednesday. More than 40 percent of the 4. 8 million tax returns flagged by the IRSs fraud filters during the last filing season were filed by legitimate taxpayers, up from 20 percent the year before, Olson said. But those delays may affect a small percentage of taxpayers. The IRSPsaid in late DecemberPthat it still expects to pay outProughly 90 percent of tax refunds within their typical time frame of three weeks or less during the next filing season. PThe agency said filing electronically andPusing direct deposit can help people receive funds more quickly. Read more: Try for Free/Pay When You File: TurboTax online and mobile pricing is based on your tax situation and varies by product. Absolute Zero 0 federal (forms 1040EZ/1040A) 0 state limited time offer only available with TurboTax Free Edition; offer may change or end at any time without notice. Actual prices are determined at the time of print or e-file and are subject to change without notice. Savings and price comparisons based on anticipated price increase. Special discount offers may not be valid for mobile in-app purchases. QuickBooks Self-Employed Offer with TurboTax Self-Employed and TurboTax Live: To receive your complimentary subscription to QuickBooks Self-Employed through 4/30/19, you must pay for your 2017 TurboTax Self-Employed or TurboTax Live return by 4/17/18 and sign-in and access your QuickBooks Self-Employed account via mobile app or at at least twice by 7/15/18.

You will have the option of renewing your QuickBooks Self-Employed subscription by 4/30/19 for another year at the then-current subscription rate. You may cancel your subscription at any time from within the QuickBooks Self-Employed billing section. See for price comparison. Offer not valid for existing QuickBooks Self-Employed subscribers already on a payment plan. Pays for itself (TurboTax Self-Employed): Estimates based on deductible business expenses calculated at the self-employment tax income rate (15 ) for tax year 2017. Actual results will vary based on your tax situation. Anytime, anywhere: Internet access required; standard data rates apply to download and use mobile app. Fastest refund possible: Fastest tax refund with e-file and direct deposit; tax refund time frames will vary. Pay for TurboTax out of your federal refund: $X. XX Refund Processing Service fee applies to this payment method. Prices are subject to change without notice. TurboTax Help and Support: Access to a TurboTax specialist is included with TurboTax Deluxe, Premier, Self-Employed and TurboTax Live; not included with Free Edition (but is available as an upgrade). TurboTax specialists are available to provide general customer help and support using the TurboTax product. SmartLook on-screen help is available on a PC, laptop or the TurboTax mobile app. Service, area of expertise, experience levels, wait times, hours of operation and availability vary, and are subject to restriction and change without notice. Tax Advice, Expert Review and TurboTax Live: Access to tax advice and Expert Review (the ability to have a Tax Expert review and/or sign your tax return) is included with TurboTax Live or as an upgrade from another version, and available through October 15, 2018.

These services are provided only by credentialed CPAs, EAs or tax attorneys. State tax advice is free. Some tax topics or situations may not be included as part of this service, which shall be determined in the tax expertвs sole discretion. In the event your return is reviewed by a tax expert and requires a significant level of tax advice or actual preparation, the tax expert may be required to sign your return as the preparer at which point they will assume primary responsibility for the preparation of your return. Expert Review [and TurboTax Live] not available on the TurboTax mobile app or when using a web browser on your mobile phone. On-screen help is available on a PC, laptop or the TurboTax mobile app. Service, area of expertise, experience levels, wait times, hours of operation and availability vary, and are subject to restriction and change without notice. Tax Return Access and My Docs features: Included with TurboTax Deluxe, Premier, Self-Employed, TurboTax Live or with PLUS benefits. Access to all tax-related documents we have on file for you is available through 10/31/2019. Terms and conditions may vary and are subject to change without notice. #1 best-selling tax software: Based on aggregated sales data for all tax year 2016 TurboTax products. Most Popular: TurboTax Deluxe is our most popular product among TurboTax Online users with more complex tax situations. CompleteCheck: Covered under the TurboTax accurate calculations and maximum refund. 1 rated online tax prep provider: Based on independent comparison of the by March 13, 2017. Get tips based on your tax and credit data to help get you to where you want to be: Tax and credit data accessed upon your consent.

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