H&R Block snafu delays 600,000 refunds
The nation’s biggest tax preparer bungled more than 600,000 returns, delaying refunds by as much as six weeks, the IRS tells MarketWatch.
Though people turn to preparers for expertise in making sense of the confusing forms, sometimes even the professionals can’t get it right. H&R Block improperly filed Form 8863, used to claim educational credits, leaving a mandatory field blank.
The snafu is impacting about 10% of the 6.6 million tax returns containing Form 8863, IRS spokeswoman Michelle Eldridge says.
Those taxpayers may have to wait six more weeks before they receive their refunds, she says, adding that the IRS is hoping to reduce that wait time.