IRS Announces Processing Delays for 50 Million Taxpayers

Kelly Phillips Erb
The IRS is delaying taxes for 50 million taxpayers. Are you one of them?
The IRS is delaying taxes for 50 million taxpayers. Are you one of them?

Now that the tax deal is done, we can all breathe a sigh of relief and start thinking about the upcoming tax-filing season, right?

Not so fast.

Since Congress waited so long to ink the final deal -- in the form of the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010, which wasn't signed into law until Dec. 17, 2010 -- tax season might start a little later for some taxpayers. The IRS has indicated that even though tax forms are available for most filers, the agency will not be able to begin processing returns as early as planned.

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