2015 – American Opportunity Credits – DELAYED
Posted at: January 12, 2015
From our inside sources we are hearing that the IRS will be holding refunds with the American Opportunity Tax Credit. The word is that the IRS is going to wait till mid May so they can verify the information on the 1098-T form with with institution.
This day and age we would like to think they are speeding things up, not slowing them down. I suppose you could file an amended return later, but they may delay the refund even longer.
No one likes to hear about a delay, but we also understand that this is a huge area for fraud. Make sure you have the 1098-T before filing the return so you can verify the correct amounts.
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