IRS Warns of Tax-Filing Season Delays If Congress Stalls
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The U.S. Internal Revenue Service may delay the 2015 tax-filing season if Congress can’t decide by December on reviving dozens of tax breaks, including those for multinational corporations’ overseas financing operations.
The delays may slow tax refunds next year, IRS Commissioner John Koskinen wrote to Senate Finance Committee Chairman Ron Wyden. The tax-filing season is slated to open in January, a task that would be difficult if the tax laws for 2014 aren’t set until December.