Kansas announced that if you file a paper return, you could wait 16 weeks for your refund. The Sunflower State is having budget troubles, and the Kansas Department of Revenue responded by not hiring temporary workers for this tax season. The temporary workers normally process the paper returns, but not this year. Full-time employees will have to do them as they have time.
There is an opportunity here if you owe money, though. If you file a paper return, your return may sit gathering dust for four months. That’s quite a bit of float on what you owe. However, if you file a paper return and are expecting a refund, you may be Waiting for Godot.
“That’s quite a bit of float on what you owe.”
For some value of float, in a ZIRP environment.