IRS not ready to process 50 million returns until mid-February

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In the final days of 2010, the IRS announced that, because of last-minute maneuvering on Capitol Hill, the agency won't be ready to process more than 50 million returns until mid- to late-February.

Since most returns demand refunds from the IRS, the delay means millions of taxpayers will have to wait to get their money back.

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