Welcome to the MDTAXES Message Board

The MDTAXES Network is an affiliation of CPAs that specialize in the tax planning and preparation for young health care professionals.  Please leave your questions or comments for our CPAs, who visit the message board regularly, or review the answers, suggestions and ideas posted in response to your colleagues' questions.

Please check out our other Message Boards available at www.FindAGoodCPA.com.

Please note: We are NOT affiliated with the Maryland Tax Department. If you're looking for information about Maryland income taxes, go to www.marylandtaxes.com.

Medical Resident FICA Forum
Start a New Topic 
FICA refund delayed

Due to an error in interest calculation by the IRS, refunds are being delayed (at least at my institution). They were supposed to pay out by August 31st. Here is the update from Northwestern:

August 15, 2012 - STATUS UPDATE
The IRS has been processing FICA refund claims on a quarterly basis. To date, some of McGaw Medical Center's quarters have been processed, however, there are still several quarters that have not been completed. During a recent inquiry with the IRS, we learned that the IRS has identified an error in their interest calculation. As a result they have stopped processing while they work to resolve this software issue.

Unfortunately, the IRS cannot provide an estimate of how long this process will take. Once McGaw Medical Center receives the remaining data they will issue refunds immediately.

Zip Code: 15228