As of January 30th, the IRS has started the 2012 tax filing season, opening up e-filing for many filers. However, many forms are not yet finalized so be sure to check with your tax accountant to see if your return can be filed yet. The reason for the delay is the last minute tax changes included in the Fiscal Cliff deal.
We are doing a frequent segment with First Coast Living on WTLV 12 and WJXX 25 First Coast News here in Jacksonville called Tax Tips Tuesday. In the segment we’ve included below, we discuss the filing delays and some of the details of the Fiscal Cliff deal and how it will affect families and businesses in the US. Enjoy!
The ongoing delays at the IRS stem from the unusually late date at which we received 2012’s tax law–it released officially as part of the American Taxpayer Relief Act on January 2. The timing of the Act had a domino effect, causing software programming delays at the IRS, as well as for commercial tax software developers. GunnChamberlain will be able to complete the preparation of returns on or before the acceptance dates published by the IRS; however, we cannot release or e-file returns until those dates as the IRS’ systems will reject those filings. Even so, we recommend our clients continue to send us their tax data as early as possible so that we can continue to provide the service level to which they are accustomed.