18 April, 2007

Late or not? IRS will rule after filers clog TurboTax

"A California company that makes the popular TurboTax and ProSeries tax software said it expects to hear from the Internal Revenue Service on Wednesday whether any taxpayers who used its e-filing system would be penalized for submitting late returns.

A flood of last-minute tax filers swamped the servers of Intuit (INTU) on Tuesday, causing hours-long delays in getting forms sent in electronically to the government, said Harry Pforzheimer, a spokesman for the company.

'We have talked to the IRS because of the amount of returns we are still filing,' Pforzheimer said. 'It's fair to say the IRS understands what the situation is.'

A record number of returns from both individual taxpayers and accountants started causing delays early Tuesday in customers receiving online confirmation their tax returns were submitted successfully, he said."


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