So, when will you get your tax refund?

Let’s start with the official answer: if you’re electronically depositing the funds into a personal or savings account in which you are the title holder or holders, it should take two to three weeks

Now that’s the  official answer! Now my answer: balderdash.

Firstly, remember the government shutdown? Think again, it’s not over! The shutdown, to the IRS,  is still feeling the effects. Having all personnel off for three weeks, not in tune with current adjustments means that the average IRS representative is already five weeks late on any processing paperwork. Yes, they are going to try to catch up.

Secondly, if you have done your taxes already, then you know that 50 percent of your IRS paperwork has now changed. Along with the 1040 Form, we now have six new schedules that the IRS rep, (who was off, three out of the last five weeks) and now several weeks behind, think they’re ready? Let me be the first to make a prediction on this: there will be record notices from the IRS!

Lastly, with many of those new forms, there are new formulas. And if your new ones have changed, you know the existing forms, which have now been tweaked, and changed as well.

Please don’t yell at your tax representative. The format, forms, formulas have been changed by the authorization of the government, via your congressional representative. Think the $15 an hour IRS rep, who has been off for the last month, is ready with the formula and forms update?

So, when will you get your IRS refund? Two weeks?  Can we say NCAA March Madness? Can we say baseball season? Summer weddings? Hey, it’s September, football season!

Oh wait, that’s right!. The IRS says, two to three weeks. Right? Right? Right?

Professor Anthony Rivieccio, MBA PFA is the founder and CEO of The Financial Advisors Group, celebrating its 21st year as a fee-only financial planning firm specializing in solving ones financial problems. Mr. Rivieccio, a recognized financial expert since 1986, has been featured by many national and local media including: Klipingers Personal Finance, The New York Post, News 12 The Bronx, Bloomberg News Radio, BronxNet Television, the Norwood News, The West Side Manhattan Gazette, Labor Press Magazine, Financial Planning Magazine, WINS 1010 Radio, The Bronx News, thisisthebronx.com and The Bronx Chronicle. Mr Rivieccio is also currently an Adjunct Professor of Business , Finance & Accounting for both, City University of New York & Monroe College, a Private University. For financial assistance , Anthony can be reached at (347) 575-5045. If you would like a FREE copy of The Forbes Magazine 2018 Tax Planning & Preparation Guide just give our office a call. Feel free to visit their FACEBOOK Business page for past Financial Focus articles:  www.facebook.com/iwantmytaxmoney

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Welcome to the Norwood News, a bi-weekly community newspaper that primarily serves the northwest Bronx communities of Norwood, Bedford Park, Fordham and University Heights. Through our Breaking Bronx blog, we focus on news and information for those neighborhoods, but aim to cover as much Bronx-related news as possible. Founded in 1988 by Mosholu Preservation Corporation, a not-for-profit affiliate of Montefiore Medical Center, the Norwood News began as a monthly and grew to a bi-weekly in 1994. In September 2003 the paper expanded to cover University Heights and now covers all the neighborhoods of Community District 7. The Norwood News exists to foster communication among citizens and organizations and to be a tool for neighborhood development efforts. The Norwood News runs the Bronx Youth Journalism Heard, a journalism training program for Bronx high school students. As you navigate this website, please let us know if you discover any glitches or if you have any suggestions. We’d love to hear from you. You can send e-mails to norwoodnews@norwoodnews.org or call us anytime (718) 324-4998.