New Mexico: Residents may wait longer for state tax refunds

News

SANTA FE, N.M. (AP) – The Taxation and Revenue Department says some New Mexico residents may wait longer for income tax refunds in 2017 as the state steps up efforts to combat identity theft and tax refund fraud.

Acting Director John Monforte says returns seen as having a potential for refund fraud will probably take longer to process.

Monforte also says a state refund request which has a corresponding federal refund request stopped by the IRS will be held by the state until the IRS stoppage is resolved.

Additionally, Monforte says data breaches involving businesses and the federal government are forcing the state to take additional precautions such as asking for identification information while processing tax returns.

According to Monforte, taxpayers should be prepared to wait up to 12 weeks for tax refunds.

(Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Copyright 2020 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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