Last year BHPH dealers were affected when the IRS delayed income tax refunds…and it’s happening again. In 2012, $40 billion in refunds were paid out in January, and in 2013 zero refunds were paid out in January. 2014 will be another year of zero refunds being paid out in January. This time the IRS is blaming it on the 16-day government shutdown in October. The IRS started accepting federal income tax returns for individuals electronically on January 31 – which is about 10 days later than normal.
BHPH dealers will expect to start seeing down payment money in the form of tax returns by mid to … [Read More...]
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