The IRS announced due to the tax law changes made by Congress under the American Taxpayer Relief Act (ATRA), the 2013 filing season to begin processing individual income tax returns will start January 30, 2013. Paxton Bookkeeping and Tax Services clients are already scheduling their tax appointments.
Because of the need for more extensive form changes and processing systems, the IRS estimates the remaining households will be able to start filing late February or March.
For those taxpayers requiring additional tax forms for such things as claiming residential energy credits, depreciation of property or general business credits, they will need to wait until closer to April 15th to file their taxes. These complex returns generally file close to the April 15th deadline or ask for an extension anyway.
The best option for taxpayers is to file electronically. 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.
For updated information, contact Paxton Bookkeeping and Tax Services or visit www.IRS.gov