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2013 Tax Tips; Vol. 3


IRS BEGINS ACCEPTING TAX RETURNS TODAY

After the longest delay in history, the IRS is now accepting electronic and paper tax returns for tax year 2012 as of January 30th, 2013. The caveat is that many forms for both individual and business returns are further delayed including form 8863 Education credits. The IRS has offered no specific date–only a… Continue reading

EDUCATION CREDITS DELAYED UNTIL FEBRUARY

Please read the following brief from the IRS.  Form 8863 (education credits) will not be accepted by the IRS until Mid-February. An exact date has not yet been offered. Any return that is Electronically filed with Form 8863 before the acceptance date will be rejected.  Any return that is mailed to the IRS will not… Continue reading

The IRS Released the following video. Please watch for some valuable Tax Refund procedure information. Highlights include: 9 out of 10 Refunds received within 21 days. Use IRS Mobile App “Wheres My Refund”. Refund information available as soon as 24 hours after submitted…Continue reading

IRS LAUNCHES EITC AWARENESS DAY

In an effort to educate low income taxpayers on the benefits of the Earned Income Tax Credit (EITC), the IRS has launched EITC Awareness Days. Please watch the IRS Video below for more information. Highlights include: 1 in 5 Taxpayers Who Qualify for EITC fail to Claim it. Average Credit Amount is… Continue reading



Looking for additional resources?

Visit these sections of our blog for additional reading and tax resources: The True Cost of Doing Your Own Taxes

 

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