Wednesday, January 26, 2011

ATLANTA, Ga. -- The Georgia Department of Revenue issued the following statement today:

“On January 20, 2011, the Georgia Department of Revenue issued 2010 Georgia income tax refunds by direct deposit. The Department became aware of a computer system error in the calculation of refunds. To ensure that correct payments were made to taxpayers, the Department issued a "stop payment" on those refunds. Due to the computer error, any funds deposited with a taxpayer were rescinded and returned to the Department. “

The statement goes on to say they have corrected the computer error and are reissuing the refunds. They are also working with the various financial institutions regarding bank charges that may have been made against accounts.

The State Revenue Commissioner, Doug MacGinnitie, is holding a press conference at 1:30 p.m. today to discuss the issues and the actions to be taken.

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