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Tax Season 2013

 

You can still bring your tax information into your preparer; however, the IRS will not start process the information until Jan. 30.

For many people who like to get their taxes done early must beware of companies promising to get refunds back on or before this date.

Source IRS – IRS Plans Jan.30 Tax Season Opening For 1040 Filers

“Following the January tax law changes made by Congress under the American Taxpayer Relief Act (ATRA), the Internal Revenue Service announced today it plans to open the 2013 filing season and begin processing individual income tax returns on Jan. 30.”

This article also offers a look at when most filers can plan on filing their returns.

The IRS will not process paper tax returns before the anticipated Jan. 30 opening date. There is no advantage to filing on paper before the opening date, and taxpayers will receive their tax refunds much faster by using e-file with direct deposit.

“The best option for taxpayers is to file electronically,” Miller said.

There are three forms that will have delays during this tax season:

1. Form 5695 Residential Energy Credit

2. Form 4562 Depreciation and Amortization

3. Form 3800 General Business Credit

Additional forms that may be delayed will be listed on IRS.gov.

We believe in keeping our clients updated with the most current tax information.

It’s time to file your tax returns.

Your Tax and Accounting Coach,

Paulette Marshall

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