{"id":319,"date":"2022-01-05T21:40:58","date_gmt":"2022-01-05T21:40:58","guid":{"rendered":"https:\/\/emandmaccounting.com\/?page_id=319"},"modified":"2022-01-06T08:17:39","modified_gmt":"2022-01-06T08:17:39","slug":"updates","status":"publish","type":"page","link":"https:\/\/emandmaccounting.com\/index.php\/updates\/","title":{"rendered":"Updates"},"content":{"rendered":"\n
\n \t\n\t
\n\t \t\t
\n\t\t\t
\n\t \t \t
\n\t\t \t
\n\t \t\t
\n\t\t\t
\n\t \t \t
\n\t\t \n
\n
\n

Updates<\/strong><\/h2>\n

IRS Plans Jan. 30 Tax Season Opening For 1040 Filers
IR-2013-2, Jan. 8, 2013<\/p>\n

WASHINGTON \u2014 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.<\/p>\n

The IRS will begin accepting tax returns on that date after updating forms and completing programming and testing of its processing systems. This will reflect the bulk of the late tax law changes enacted Jan. 2. The announcement means that the vast majority of tax filers \u2014 more than 120 million households \u2014 should be able to start filing tax returns starting Jan 30.<\/p>\n

The IRS estimates that remaining households will be able to start filing in late February or into March because of the need for more extensive form and processing systems changes. This group includes people claiming residential energy credits, depreciation of property or general business credits. Most of those in this group file more complex tax returns and typically file closer to the April 15 deadline or obtain an extension.<\/p>\n

\u201cWe have worked hard to open tax season as soon as possible,\u201d IRS Acting Commissioner Steven T. Miller said. \u201cThis date ensures we have the time we need to update and test our processing systems.\u201d<\/p>\n

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.<\/p>\n

\u201cThe best option for taxpayers is to file electronically,\u201d Miller said.<\/p>\n

The opening of the filing season follows passage by Congress of an extensive set of tax changes in ATRA on Jan. 1, 2013, with many affecting tax returns for 2012. While the IRS worked to anticipate the late tax law changes as much as possible, the final law required that the IRS update forms and instructions as well as make critical processing system adjustments before it can begin accepting tax returns.<\/p>\n

The IRS originally planned to open electronic filing this year on Jan. 22; more than 80 percent of taxpayers filed electronically last year.<\/p>\n

Who Can File Starting Jan. 30?<\/p>\n

The IRS anticipates that the vast majority of all taxpayers can file starting Jan. 30, regardless of whether they file electronically or on paper. The IRS will be able to accept tax returns affected by the late Alternative Minimum Tax (AMT) patch as well as the three major \u201cextender\u201d provisions for people claiming the state and local sales tax deduction, higher education tuition and fees deduction and educator expenses deduction.<\/p>\n

Who Can\u2019t File Until Later?<\/p>\n

There are several forms affected by the late legislation that require more extensive programming and testing of IRS systems. The IRS hopes to begin accepting tax returns including these tax forms between late February and into March; a specific date will be announced in the near future.<\/p>\n

The key forms that require more extensive programming changes include Form 5695 (Residential Energy Credits), Form 4562 (Depreciation and Amortization) and Form 3800 (General Business Credit). A full listing of the forms that won\u2019t be accepted until later is available on IRS.gov.<\/p>\n

As part of this effort, the IRS will be working closely with the tax software industry and tax professional community to minimize delays and ensure as smooth a tax season as possible under the circumstances.<\/p>\n

Updated information will be posted on IRS.gov.<\/p>\n

List of IRS forms that 1040 filers can begin filing in late February or into March 2013
The following tax forms will be accepted by the IRS in late February or into March after updating forms and completing programming and testing of its processing systems. A specific date will be announced in the near future.
\u2022Form 3800 General Business Credit
\u2022Form 4136 Credit for Federal Tax Paid on Fuels
\u2022Form 4562 Depreciation and Amortization (Including Information on Listed Property)
\u2022Form 5074 Allocation of Individual Income Tax to Guam or the Commonwealth of the Northern Mariana Islands
\u2022Form 5471 Information Return of U.S. Persons With Respect to Certain Foreign Corporations
\u2022Form 5695 Residential Energy Credits
\u2022Form 5735 American Samoa Economic Development Credit
\u2022Form 5884 Work Opportunity Credit
\u2022Form 6478 Credit for Alcohol Used as Fuel
\u2022Form 6765 Credit for Increasing Research Activities
\u2022Form 8396 Mortgage Interest Credit
\u2022Form 8582 Passive Activity Loss Limitations
\u2022Form 8820 Orphan Drug Credit
\u2022Form 8834 Qualified Plug-in Electric and Electric Vehicle Credit
\u2022Form 8839 Qualified Adoption Expenses
\u2022Form 8844 Empowerment Zone and Renewal Community Employment Credit
\u2022Form 8845 Indian Employment Credit
\u2022Form 8859 District of Columbia First-Time Homebuyer Credit
\u2022Form 8864 Biodiesel and Renewable Diesel Fuels Credit
\u2022Form 8874 New Markets Credits
\u2022Form 8900 Qualified Railroad Track Maintenance Credit
\u2022Form 8903 Domestic Production Activities Deduction
\u2022Form 8908 Energy Efficient Home Credit
\u2022Form 8909 Energy Efficient Appliance Credit
\u2022Form 8910 Alternative Motor Vehicle Credit
\u2022Form 8911 Alternative Fuel Vehicle Refueling Property Credit
\u2022Form 8912 Credit to Holders of Tax Credit Bonds
\u2022Form 8923 Mine Rescue Team Training Credit
\u2022Form 8932 Credit for Employer Differential Wage Payments
\u2022Form 8936 Qualified Plug-in Electric Drive Motor Vehicle Credit<\/p> <\/div>\n<\/div>\n\t <\/div>\n\t \t<\/div>\n\t\t

\n\t \t \t
\n\t\t \n
\n
\n\t <\/div>\n<\/div>\n\n
\n
\n\t\t\t\t

Info Center<\/h3><\/div>\n <\/div>\n<\/div>\n\n\n
\n
\n\t\t \n\t\t \t\t\"irsinf1\"\t <\/a>\n\t\n\t\t<\/div>\n\t\n \n \t<\/div>\n\n
\n <\/div>\n\n\n
\n
\n\t\t \n\t\t \t\t\"efilesmall2\"\t <\/a>\n\t\n\t\t<\/div>\n\t\n \n \t<\/div>\n\n
\n
\n
\n

Important IRS links<\/span><\/h4>\n