IRS Begins Processing 2013 Returns

Diane Glover

Jan 31, 2013

Following the January tax law changes made by Congress under the American Taxpayer Relief Act (ATRA), the Internal Revenue Service announced it will begin processing 2013 individual income tax returns on Jan. 30. The IRS has updated forms and completing programming and testing of its processing systems to reflect the bulk of the late tax law changes enacted Jan. 2. 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 because of the need for more extensive form and processing systems changes. This group includes taxpayers claiming residential energy credits, depreciation of property or general business credits. Many in this group file more complex tax returns and typically file closer to the April 15 deadline or obtain an extension.

Who Can File Starting Jan. 30?

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 key forms 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 at www.IRS.gov.

About The Author

As the Manager of Practice Growth, Diane focuses on the market awareness and growth of Kirsch CPA Group…

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