We have received confirmation that the IRS will not be processing individual tax returns on income until January 30 for the vast majority of taxpayers. Those who ask residential energy credits, amortization of property or general business credits will be able to start filing in late February or early March.
This does not mean you have to wait to file. Get your tax refund back as soon as possible by filing your taxes now
Reasons to file your taxes now :.
1. TaxACT accept returns e-filed. TaxACT is updated with all the latest changes in tax legislation.
2. Get your maximum refund guaranteed the quickest manner possible. The fastest way to your IRS refund is to file your taxes now use free e-file TaxACT and choose direct deposit. We will hold your return and e-file automatically from January 30.
3. easy filing and tax practice. It is easier and faster than ever to prepare, print and e-file tax returns with TaxACT. Users of computers and tablets can use their browser to connect to their statements online 24/7. PC users can install TaxACT from a CD or download www.taxact.com.
4. Step by step help from the experts. TaxACT offers instant, personalized support every step of the way in the improved response center, online at taxact.com and verification wizard. You can also send an email tax and audit questions to TAXPAYER support specialists to get free answers.
5. Free means free. All Americans, regardless of income or the complexity of their statements can prepare, print and e-file their 2012 federal taxes by the web version or download TaxACT Free Federal Edition.
Get a head start on receipt of your maximum tax refund by filing now
What you need to know from the announcement of the IRS :.
- IRS will begin processing tax returns on personal income on January 30 for the vast majority of taxpayers.
- people applying for residential energy credits, amortization of capital or general credit business will be able to start filing in late February or early March.
- IRS will not process paper declarations before the scheduled Jan. 30 opening for the majority of taxpayers. Taxpayers who returns with non-available forms until the end of February or early March will have to wait until the IRS systems are ready for paper returns.
- The IRS will be able to accept tax returns affected by the end of the alternative minimum tax (AMT) patch and the three main provisions "extension" for people who ask deduction of sales tax, state and local, the tuition and higher education expenses deduction and educator deduction as of January 30.
following is the full announcement IRS
Following the January tax law changes by Congress under the American taxpayer relief Act (ATRA), the Internal revenue Service announced today that it plans to open the filing season 2013 and begin processing tax returns for January 30
the IRS will begin accepting tax returns that date after the update forms and completing the programming and testing of its treatment systems. This reflects mainly changes in tax law adopted late January 2. The announcement means that the vast majority of reporting - over 0 million households - should be able to start filing tax returns from January 30.
IRS estimates that the remaining households will be able to start filing in late February or in March because of the need for and form more extensive changes treatment systems. This group includes people seeking residential energy credits, amortization of property or general business credits. tax returns Most people in this complex group file and generally deposit closer to the deadline April 15 or get an extension.
"We have worked hard to open the season as soon as possible taxes," IRS Commissioner Steven T. Miller said Acting. "This date allows us to have the time to update and test our treatment systems."
The IRS will not process paper declarations before 30 January anticipated opening date. There is no advantage to file on paper before the opening date, and taxpayers will get their much faster tax refund using e-file with direct deposit.
"The best option for taxpayers to file electronically," Miller said.
opening of the filing season follows the passage by Congress of a comprehensive tax changes in ATRA 1 January 2013, with many tax returns affecting for 2012. While the IRS worked to anticipate the tax law changes end as much as possible, the final law required update IRS forms and instructions and make adjustments of critical processing system before you can start accepting returns income.
IRS originally planned to open the e-filing this year on January 22; more than 80 percent of taxpayers filed electronically last year.
Who can file January 30?
The IRS states that the vast majority of all taxpayers can file from January 30, whatever they file electronically or on paper. The IRS will be able to accept tax returns affected by the alternative minimum tax (AMT) Patch end, and the three main provisions "extension" for those applying the deduction of sales tax State and local education higher charges and fees deduction and education educator deduction.
who can not file later?
There are several forms affected by the end laws that require programming and testing of larger IRS systems. The IRS hopes to begin accepting tax returns, including those tax forms between late February and in March; a specific date will be announced in the near future.
The key forms that require more significant changes to programming include Form 5695 (Residential Energy Credits), Form 4562 (depreciation and amortization) and Form 3800 (General Business Credit). A complete list of forms will not be accepted later is available on IRS.gov.
As part of this effort, the IRS will work closely with the tax software industry and tax professional community to minimize delays and ensure a smooth tax season as possible in the circumstances.
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