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  • Plans to Open Tax Season on Jan. 30

    Tuesday 15th of January 2013 10:32:01 AM

    Today, the Internal Revenue Service has announced that the tax season is planned to be opened on January 30 for individual income tax returns. This comes after the recent tax law changes made by Congress under the American Taxpayer Relief Act (ATRA).

    The IRS has decided that they plan on January 30 because they need time to update forms and also complete programming and testing of all processing systems. The updates will in fact reflect the changes made on January 2.

    If you are not filing an individual income tax return then you will be able to file your taxes sometime late February or early March. This is because the changes to those forms and processing systems are more extensive. This includes those that claim residential energy credits, general business credits or depreciation of property. Usually those in these groups file closer to April 15 or obtain extensions.

    IRS acting commissioner Steven T. Miller said “We have worked hard to open tax season as soon as possible… This date ensures we have the time we need to update and test our processing systems.” He also said “The best option for taxpayers is to file electronically.”

    Although the Internal Revenue Service did anticipate the late tax change, the concluding law required that the Internal Revenue Service revise forms and instructions along with the vital processing system adjustments prior to accepting tax returns.

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