Illinois ~ Personal Income Tax: Refund Delays Announced Due to Antifraud Efforts

The Illinois Department of Revenue (IDOR) announced in a press release that they do not anticipate releasing personal income tax refunds for the 2016 tax filing season until March 1, 2016, due to ongoing fraud prevention efforts. For electronic returns filed prior to March 1, 2016, IDOR anticipates refunds will be issued within two to three weeks from the March 1, 2016 date. For electronic returns submitted error-free on or after March 1, 2016, IDOR anticipates refunds will be issued within two to three weeks from the date the return was submitted. The press release notes that tax refunds are not subject to budgetary appropriation by the Illinois General Assembly and are, therefore, not impacted by the current budget impasse.

Press Release, Illinois Department of Revenue, January 4, 2016

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Wolters Kluwer Tax and Accounting

Wolters Kluwer Tax and Accounting is a leading provider of software solutions and local expertise that helps tax, accounting, and audit professionals research and navigate complex regulations, comply with legislation, manage their businesses and advise clients with speed, accuracy and efficiency. Wolters Kluwer Tax and Accounting is part of Wolters Kluwer N.V. (AEX: WKL), a global leader in information services and solutions for professionals in the health, tax and accounting, risk and compliance, finance and legal sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialized technology and services. Wolters Kluwer reported 2016 annual revenues of €4.3 billion. The company, headquartered in Alphen aan den Rijn, the Netherlands, serves customers in over 180 countries, maintains operations in over 40 countries and employs 19,000 people worldwide. Wolters Kluwer shares are listed on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. Wolters Kluwer has a sponsored Level 1 American Depositary Receipt program. The ADRs are traded on the over-the-counter market in the U.S. (WTKWY).

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