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Jan 3, 2013 8:40 PM by Siera Santos, ssantos@koaa.com

Expect tax return delays

Before you set your sights on your big tax return purchase, plan on waiting a few more weeks than usual.

And you can blame the fiscal cliff. The delay in negotiating the bill means a delay in tax returns.

Because of the new legislative measures, the tax refund forms will have to be updated to reflect the changes. The IRS says it will soon make a decision as to when taxpayers can start filing their 2012, but as many as 100-million people may not be able to file until March.

Local businesses like Springs Automotive Group usually see a spike in sales in the first three months of the year. But 2013 will be a different story.

"I think it's definitely going to have an effect," said Guy Alldredge, the owner of Springs Automotive Group.

"People are still going to need to buy cars. They still need that tax return money to buy those cars. I think it'll just delay the process."

Experts say you can expect your check to be 30 to 60 days late.

 

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