The IRS announced on March 12 that some taxpayers who filed Form 8863, Education Credits, with their return in mid-February may experience processing delays of up to eight weeks due to a fluke.
The filing problems occurred between February 14 and February 22, and resulted in those tax returns requiring additional review, IRS said. February 14 was the first day taxpayers with education credits and other credits were able to file their returns). “The IRS is continuing to review the situation and working with affected software companies to assist in the processing of these tax returns,” the announcement said. During its review, IRS may require four to six weeks from March 12 in order to issue a tax refund, it advised.
“While the number of tax returns affected is around 10 percent of the total returns claiming the credit, the IRS continues working aggressively to address this situation and hopes to reduce those projected refund time frames further,” the announcement said.