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Did You Know?

Jan 28 2013
Start of Tax Season Delayed until January 30

Posted in general

The IRS has announced that it will open filing in 2013 and begin processing individual tax returns beginning on January 30, 2013. The delay is due to updates to forms and testing necessary under the American Taxpayer Relief Act of 2012 (Journal of Accountancy).

However, some taxpayers will not be able to file until after January 30. Taxpayers who claim residential energy credits or general business credits, or those who depreciate property, will not be able to file until after January 30 (Journal of Accountancy).

What does this mean for you? A completed tax return cannot be filed until January 30, at the earliest. However, we can still prepare your returns and have them ready to file now. If you are ready to bring in your tax information, do not let the filing delay stop you. We are available and ready to help you get started.

Last Updated by Trae Long on 2013-01-30 01:50:36 PM

Blog posts made available to you are informational only and are not intended to provide investment advice, or supplement the advice of a professional advisor. There is not and can not be a guarantee of their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. You are encouraged to seek personalized advice from qualified professionals regarding all personal finance issues.

Blog posts made available to you are informational only and are not intended to provide investment advice, or supplement the advice of a professional advisor. There is not and can not be a guarantee of their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. You are encouraged to seek personalized advice from qualified professionals regarding all personal finance issues.

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Blog posts made available to you are informational only and are not intended to provide investment advice, or supplement the advice of a professional advisor. There is not and can not be a guarantee of their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. You are encouraged to seek personalized advice from qualified professionals regarding all personal finance issues.