Coming Soon: Another Fouled-Up Filing Season.(United States. Internal Revenue Service new provision for the alternative minimum tax)(Brief article)

Kiplinger's Retirement Report, January, 2008

The IRS usually starts churning out refunds by mid January. But the agency says refunds won't start going out until February--at the earliest--because of congressional delays in fixing the alternative minimum tax.

All year long, lawmakers knew they needed to "patch" the AMT to prevent 20 million taxpayers from being slammed by a tax designed in the 1960s to nab a couple of hundred wealthy Americans. But, all year long, Congress dallied.

If you're among the millions of folks with the simplest returns, you may have to wait a bit for your refund check. But if you have a more complicated return, the delay may not matter. Those who are waiting for 1099s from brokers, mutual funds, a limited partnership or an IRA sponsor probably won't notice the slowdown....

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