When Can I File My 2012 Tax Return?
The IRS has announced a delayed start to the 2012 tax filing season. Here's the date of when you can file plus some locations in Iowa City to get help on your taxes.
You'll have to wait if you are used to filing your annual tax return at the earliest possible date. The Internal Revenue Service has revised its opening date for tax season -- pushing it eight days to January 30, 2013.
RELATED STORY: IRS Announces New 2013 Tax Rates and Standard Deductions.
The tax filing deadline is Monday, April 15
The IRS will begin accepting tax returns on January 30, 2013. Most taxpayers should be able to file on that date though some revised forms may not be immediately available.
You can blame the delay on the federal "fiscal cliff" crisis and the new tax bill Congress passed just after Dec. 31. You can find more information in this Forbes article.
Electronic filing season was originally set to start on Jan. 22 this year.
As a result of the delay, nobody will get a refund in January, an H&R Block official told Financial Advisor.
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, writes IRS Blogger David Stewart on Radnor Patch.
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.
Do you like to do your taxes in person? Here are some places you can go to get your taxes done in the Iowa City area. If I missed a good local option let me know in comments:
Paula Edwards
9:55 pm on Sunday, January 20, 2013
if I e-file my taxes January 30,2013 will I get it back before February 14,2013 or after
maxine weimer
6:51 am on Monday, January 21, 2013
I had my taxes done last week and since congress has pushed the filing date back to Jan. 30th, my tax guy said not to look for a refund untill mid February. You can get your taxes done now but it will sit in que till the 30th. So Paula if youare getting direct deposit you will probably get it by Valentines day, but if you are waitig for a check in the mail it may take longer.
Stephen Schmidt
5:11 pm on Monday, January 21, 2013
Thanks for the helpful info, Maxine.
maxine weimer
6:23 pm on Monday, January 21, 2013
Your welcome Stephen. The same goes for the state refunds, they are holding those as well.
cindy
8:27 pm on Monday, January 21, 2013
yes u do get ur taxes back faster by direct deposit i did it last year n it only took about 2 weeks and i get the most through h&r block ive checked with other places n h&r gives u more :)