ATLANTA—The Georgia Department of Revenue issued the following statement: 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 Due to the computer error, any funds deposited with a taxpayer were rescinded and returned to the Department.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 Department has corrected the computer programming error and is commencing to reissue the refunds. The Department is working with various financial institutions concerning any banking charges made against taxpayers’ financial accounts.

The Department will continue to provide updates concerning the Department’s efforts in this matter.

We are happy to report that Buffie the Tax Heiress, LLC’s clients were not affected by the snafu!

Smooches,

Buffie the Tax Heiress