Today the National Consumer Law Center issues a press release that Tax Refunds for millions of taxpayers will be delayed until late-February. Due to new legislation the IRS will delay processing returns until February 15 and they have stated they do not anticipate refunds arriving in bank accounts or on prepaid cards until February 27.

Many of my clients use their tax refunds to file for bankruptcy. This delay does not mean that you cannot still be preparing to file your bankruptcy as you wait for your refund to fund your bankruptcy. You need to do some pre-bankruptcy planning to avoid some of the pitfalls of Utah tax refunds and bankruptcy that I have written about many time on this blog.

Call for a free tax refund/bankruptcy consultation today…we can help you navigate this tricky issue.

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