According to the IRS, at 9:00 am, Eastern Standard Time (February 4, 2013), the Modernized e-File (MeF) system began accepting Tax Year 2012 Business Tax Returns with the exception of the limited list…
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However, there are still some forms that cannot be filed until later. 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.…
Taxpayers using Form 8863, Education Credits, can begin filing their tax returns after the IRS updates its processing systems. Form 8863 is used to claim two higher education credits -- the American Opportunity Tax Credit and the Lifetime Learning Credit.…
The beloved Refund Cycle Chart has been retired by the IRS. What?! Yes, it’s true. Taking its place is a new and, we hope, improved “Where’s My Refund?” (WMR) application, which gives taxpayers the ability to track their refunds online . . .…
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Claiming that the IRS overstepped its bounds in expanding its regulatory power to include all tax preparers who prepare and file tax returns for compensation, three bold tax preparers took the IRS to court, and won...…
The 2013 filing season for processing individual tax returns will begin on January 30, 2013. EROs and Online Providers may hold tax returns until the IRS begins accepting them. ...…
John Sapp, Vice President of Strategic Development for Drake Software, explains and gives examples of procedures tax return preparers must follow to meet the IRS EIC due diligence “documentation” and “knowledge” requirements. This video also includes what to expect if the IRS performs an EIC due diligence audit of your firm.…
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...…
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The tax return filing season will start on January 30 for most taxpayers, not on January 22 as originally planned. In addition, tax forms impacted by late extender legislation will be delayed until late February or early March.…
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Late enactment of extenders as part of the “fiscal cliff” legislation, the American Taxpayer Relief Act (ATRA) of 2012, threatens to delay millions of tax returns...…
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