Skip to comments.A False Start to Tax Season
Posted on 02/01/2013 9:26:05 AM PST by bgill
Technically, the IRS kicked off tax season Wednesday a week later than expected, as a result of Congresss 12th-hour deal but tax pros say it could be weeks before many Americans can actually file their returns.
The various changes to the tax code forced payroll departments to hold off their end-of-year accounting. A fair number of taxpayers still havent received their W2s, experts say. Those who need to file Form 8863 to claim credits for higher education wont be able to file until the middle of February, after the IRS finishes updating its processing systems, officials said Monday. And people claiming residential energy credits, depreciation of property, or general business credits will have to wait even longer until the end of February at least.
(Excerpt) Read more at finance.yahoo.com ...
Don’t ever do a refund if you can avoid it.
“Borrow” as much as you can without getting the penalty.
My refund was deposited in my checking account this morning.
Filed my wealth redistribution document last night.