The IRS will open the 2013 filing season and begin processing individual income tax returns on January 30, 2013, the agency has announced.
Among its many changes, ATRA “patched” permanently the alternative minimum tax (AMT) for 2012 and subsequent years and extended a host of temporary individual and business incentives (known as “tax extenders”), many of which had expired after 2011, through 2013.
Some taxpayers, however, will not be able to file their returns until late February or early March because the IRS needs more time to adjust its processing systems to reflect passage of last minute 2012 tax legislation. Included in this group are taxpayers filing Form 4562, Depreciation and Amortization, Form 5695, Residential Energy Credits, and Form 8839, Qualified Adoption Expenses…. Read more