Use Publication 2043 to Set Refund Expectations for Your Clients
IRS Publication 2043, IRS Refund Information Guidelines for the Tax Preparation Community, has been updated for 2017. The publication provides the latest refund information and guidelines to advise clients who are expecting refunds.
This year’s update includes information about a new law that requires the IRS to hold refunds claiming the Earned Income Tax Credit and the Additional Child Tax Credit. The IRS will begin to release EITC/ACTC refunds starting Feb. 15. However, these refunds likely will not reach taxpayers until the week of Feb. 27.
See: Where’s My Refund?
- IRS Opens E-file on January 23: Get A Jump on Your Tax Refund (turbotax.intuit.com)
- Facts About the PATH Act: New Law Requires IRS to Hold Some Refunds Until Feb. 15 (turbotax.intuit.com)