File TaxesWe avoided the fiscal cliff. Thank goodness! But the late legislation changes for taxes required the IRS to delay accepting 2012 tax filings until January 30th.

The 2012 tax filing open date was moved from January 22nd to January 30th. I know you early filers may be bummed. Since you’ll have to wait another eight days to file. It may be longer if the fiscal cliff legislation impacted your tax forms (see below).

According to the IRS press release:

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.

On the other hand, people who file later in the season (like myself) are probably wishing the tax deadline had moved back too. :D

Happy Tax Filing!

Photo: John-Morgan