Friday, March 3, 2017

Retailers are blaming bad results on the IRS being too slow to deliver tax refunds

Shoppers look at merchandise at a Walmart store in Secaucus, N.J.Uncle Sam is taking a lot of heat from retailers.

With sales off to a rough start in the new fiscal year, chains from Wal-Mart to Foot Locker and Burlington to Best Buy are blaming a planned delay in tax refunds as one culprit.

The credits, which benefit low- to middle-income households with children, are being distributed later by the Internal Revenue Service this year to give the agency adequate time to validate claims.. . . more

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