IRS Plans Jan. 30 Tax Season Opening for 1040 Filers

IRS Plans Jan. 30 Tax Season Opening For 1040 Filers

Following the January tax law changes made by Congress under the American Taxpayer Relief Act (ATRA), the Internal Revenue Service announced today it plans to open the 2013 filing season and begin processing individual income tax returns on Jan. 30.

The IRS will begin accepting tax returns on that date after updating forms and completing programming and testing of its processing systems. This will reflect the bulk of the late tax law changes enacted Jan. 2. The announcement means that the vast majority of tax filers–more than 120 million households–should be able to start filing tax returns starting Jan 30.

The IRS estimates that remaining households will be able to start filing in late February or into March because of the need for more extensive form and processing systems changes. This group includes people claiming residential energy credits, depreciation of property or general business credits. Most of those in this group file more complex tax returns and typically file closer to the April 15 deadline or obtain an extension.

“We have worked hard to open tax season as soon as possible,” IRS Acting Commissioner Steven T. Miller said. “This date ensures we have the time we need to update and test our processing systems.”

The IRS will not process paper tax returns before the anticipated Jan. 30 opening date. 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.

“The best option for taxpayers is to file electronically,” Miller said.

The opening of the filing season follows passage by Congress of an extensive set of tax changes in ATRA on Jan. 1, 2013, with many affecting tax returns for 2012. While the IRS worked to anticipate the late tax law changes as much as possible, the final law required that the IRS update forms and instructions as well as make critical processing system adjustments before it can begin accepting tax returns.

The IRS originally planned to open electronic filing this year on Jan. 22; more than 80 percent of taxpayers filed electronically last year.

Who Can File Starting Jan. 30?

The IRS anticipates that the vast majority of all taxpayers can file starting Jan. 30, regardless of whether they file electronically or on paper. The IRS will be able to accept tax returns affected by the late Alternative Minimum Tax (AMT) patch as well as the three major “extender” provisions for people claiming the state and local sales tax deduction, higher education tuition and fees deduction and educator expenses deduction.

Who Can’t File Until Later?

There are several forms affected by the late legislation that require more extensive programming and testing of IRS systems. The IRS hopes to begin accepting tax returns including these tax forms between late February and into March; a specific date will be announced in the near future.

The key forms that require more extensive programming changes include Form 5695 (Residential Energy Credits), Form 4562 (Depreciation and Amortization) and Form 3800 (General Business Credit). A full listing of the forms that won’t be accepted until later is available on IRS.gov.

As part of this effort, the IRS will be working closely with the tax software industry and tax professional community to minimize delays and ensure as smooth a tax season as possible under the circumstances.

Updated information will be posted on IRS.gov.

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Bill January 17, 2013 at 10:48 PM
"I want to pass on my accumulated wealth to my children, but it should be heavily taxed, not given a tax-free loophole" Only a person with no money would be stupid enough to write that.
Monk January 17, 2013 at 10:49 PM
patrick, you're premise seems to be that the economy is a zero-sum game, that the gain of one is the loss of another. But many economic situations are not zero-sum. Taxes are not referred to as "burdens" for nothing. Taxes burden the economy. Taking money from someone prevents them from investing or spending it, which reduces employment opportunities. Allowing the government to mediate the transfer of money among citizens is like putting the fox in charge of the hen house. Progressive tax regulations are nowhere near as key a component to a democracy as education is. If half this nation thinks being dependent on the government makes for a healthy, sustainable economy, we obviously have a serious education problem.
John Q. Public January 17, 2013 at 11:14 PM
You can buy into PA tax-free mutual funds at Vanguard, and you don't have to be rich to do it. Also, where did you learn that the average American is paying a 65% to 75% tax rate. All my taxes combined do not equal 75%.
fed up January 18, 2013 at 12:07 AM
WOW! I want to pass on my accumulated wealth to my children, but it should be heavily taxed, not given a tax free loophole. Patrick=STUPID. My children will get every penny i have. How about that liberal moron.
fed up January 18, 2013 at 01:48 AM


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