<p>The Internal Revenue Service plans to begin processing tax returns on January 30, 2013, for the year 2012 (<a href=”http://clk.about.com/?zi=1/1hc&zu=http://www.irs.gov/uac/Newsroom/IRS-Plans-Jan.-30-Tax-Season-Opening-For-1040-Filers”>IR-2013-2</a>). The IRS previously expected to begin processing tax returns on January 22nd.<br />
<br />
The delay in processing tax returns is due to the American Taxpayer Relief Act (ATRA), which was signed into law on January 2, 2013. “The opening of the filing season follows passage by Congress of an extensive set of tax changes in ATRA on Jan. 1, 2013, with many affecting tax returns for 2012. While the IRS worked to anticipate the late tax law changes as much as possible, the final law required that the IRS update forms and instructions as well as make critical processing system adjustments before it can begin accepting tax returns.”<br />
<br />
Most taxpayers will be able to file their tax returns as early as January 30, 2013. The IRS will begin processing returns filed by mail or via electronic filing on that date. <br />
<br />
However, some taxpayers will need to wait until later before filing.<!–more–> “There are several forms affected by the late legislation that require more extensive programming and testing of IRS systems. The IRS hopes to begin accepting tax returns including these tax forms between late February and into March; a specific date will be announced in the near future.”</p>…<p><a href=”http://clk.about.com/?zi=1/1hc&zu=http://taxes.about.com/b/2013/01/09/when-can-you-begin-filing-your-2012-federal-tax-return.htm”>Read Full Post</a></p>
Go to Source
Author:
