IRS will not start processing tax returns until Jan 30

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Posted 1/8/2013 by scraps_of_time in NSBR Board
 

scraps_of_time
AncestralPea

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Posted: 1/8/2013 4:24:15 PM
Link to full article



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.




Rhonda

pennyring
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Posted: 1/8/2013 4:30:19 PM
Thanks. I was wondering about that. I tried to get started last weekend, but the website I was using kept saying it didn't have the updated forms yet.



jenettycakes76
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Posted: 1/8/2013 4:32:04 PM
Tfs, good to know. Expect overload on Jan 30th now. Getting my patience ready.


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AncestralPea

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Posted: 1/8/2013 4:50:18 PM
I'm a bit confused though how the new laws change the tax rates/laws/calculations for LAST year and how that affects the IRS' ability to process them on 2012 forms? I haven't heard of any that are retroactive. Does anyone know of any that were?

I understand why the withholding tax tables were late, but why weren't these forms done? What changed?

eebud
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Posted: 1/8/2013 5:06:32 PM

I'm a bit confused though how the new laws change the tax rates/laws/calculations for LAST year and how that affects the IRS' ability to process them on 2012 forms? I haven't heard of any that are retroactive. Does anyone know of any that were?

There were tax credits and deductions that were set to expire that have been extended. For example, the child tax credit stayed at $1000 instead of dropping back to $500. There is one in particular, I am still looking for something on so I suspect it was not extended. These have to be accounted for in the 2012 returns.





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ostrich girl
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Posted: 1/8/2013 6:10:02 PM
FYI: the IRS is not going to give estimated dates for refunds this year. Previously they would give a ballpark estimate of 21 business days for a refund to be deposited into a taxpayers account with electronic filing. Because of the increasing problem with idenity theft they are doing more checking on the returns themselves so the refunds may take longer to process.

I am not an accountant, but I do work in a tax office.

refund schedule info


-mich


TinCin
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Posted: 1/8/2013 7:13:36 PM
It makes no difference to me. The corporation I work for doesn't even send out our W2s until the last possible day. I have never been able to file before February.


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momof1child
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Posted: 1/8/2013 7:39:26 PM
In Canada, the "deadline" for receipts, t-forms is February 28th.

Most taxes are not done until after that date so, gettiing refunds usually starts 3-4 weeks after filing.

Burning Feather
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Posted: 1/8/2013 7:49:06 PM

There is one in particular, I am still looking for something on so I suspect it was not extended.


I know that we previously talked about the sales tax deduction - is that what you are still looking for? Do you read this the same as I do? It's been extended? Fiscal cliff deal restores sales tax deduction for two years.

And another one - Sales Tax Deduction

I know these specifically name TN and WA, but I can't imagine they did it on a state by state basis.


Carla




SMayer
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Posted: 1/8/2013 7:49:57 PM
Wow, who even has all the documents to file on Jan 30? W-2's, 1099's, 1098's don't have to be postmarked until Jan 31st. We don't even receive all the documents until mid-February.

If you usually file a tax return in January I'm impressed. We are usually beginning of April, whether we get a refund or owe.

azredhead34
peaintheheat

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Posted: 1/8/2013 7:51:29 PM

It makes no difference to me. The corporation I work for doesn't even send out our W2s until the last possible day. I have never been able to file before February


This is how it's been for us too. We've never gotten a refund back before March.




scoobers
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Posted: 1/8/2013 8:05:13 PM
Wasn't it just last year that they didn't start accepting returns until into February?

Not a big deal to me when half our tax documents won't even be mailed until the 31st.




eebud
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Posted: 1/8/2013 8:43:32 PM
Woohoo!!! Thanks Carla!! That is EXACTLY what I have been looking for and couldn't find. I only read the first link because that one answered the question. It only talked about Tennessee because it was a Tennessee newspaper (or whatever publication). This is definitely not state by state other than the fact that it primarily benefits those of us who live in a state with no income tax.

Funny that you found this today. I sent an email today to my house representative to get an answer to this question.

I am glad to see we have it for at least this year and next year.

***ETA I am with those that don't receive everything until sometime in February. No tax return filing for me until at least late February most of the time. These days, I typically deal with the business I handle for my family first. I have to get K-1's out to the family members much earlier than the April 15th deadline so that one needs to happen first.





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pennyring
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Posted: 1/8/2013 9:30:04 PM


I know these specifically name TN and WA, but I can't imagine they did it on a state by state basis.


We're named because we don't have a State Income Tax in WA. We don't file State Income Tax, we don't pay State Income Tax, but we do get to claim sales tax this year! WOOHOO!!



eebud
Doxie Pea Mom

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Posted: 1/8/2013 9:39:24 PM

I know these specifically name TN and WA, but I can't imagine they did it on a state by state basis.


We're named because we don't have a State Income Tax in WA. We don't file State Income Tax, we don't pay State Income Tax, but we do get to claim sales tax this year! WOOHOO!!

Actually, the reason TN and WA were named is because one is a Tennessee publication and the other is a Washington publication. The articles were geared towards their residents who were most likely to be reading it.

Neither article named all states that don't have a state income tax. They only talked about their own states.

I am glad to see this deduction was reinstated for at least this year and next. It is nice to know that we don't have to wait until 2014 to find out if we can claim the deduction in 2013. What is really aggravating is that you can take either your actual sales tax or use a tax table plus the sales tax from large purchases like a car or boat. When they don't let us know ahead of time, it is hard to plan to claim actual sales tax. I have done this a couple of times because I knew the amount would be more than the tables.





Hans on left, Bud in middle, Gretchen on right
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