Internal Revenue Service Acting Commissioner, Steven T. Miller, announced that, following the tax law changes made by Congress on January 2, 2013 (American Taxpayer Relief Act – ATRA), the IRS does not plan to open the 2013 filing season and begin processing individual tax returns until January 30.
What does this mean for you? The IRS will not be able to accept electronically filed or process paper filed returns until January 30. The quickest way to get your refund will still be to electronically file your return and request a direct deposit of your refund. Also, as we reported to you in another blog, the IRS will be taking more time to review refunds this year. In the past, the taxpayer could expect their refunds in 10-14 days. This year, the refunds are expected to take about 23 days to be deposited.
In addition to the tax filing season opening late, taxpayers that are required to file the following forms will be delayed even further, as these forms require more extensive programming changes:
- Form 5695 (Residential Energy Credits)
- Form 4562 (Depreciation and Amortization)
- Form 3800 (General Business Credit).
- A full listing of the forms that won’t be accepted until later is available on www.IRS.gov.
Have questions about your income tax return? Post a comment below or contact our Tax Planning & Preparation Group at 440-449-6800. We will keep you updated both here and on Twitter as additional information becomes available.