A False Start to Tax Season - Yahoo! Finance (Coralville Courier)

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February 01, 2013

A False Start to Tax Season - Yahoo! Finance

The fiscal cliff is still causing headaches for taxpayers. Technically, the IRS kicked off tax season Wednesday — a week later than expected, as a result of Congress’s 12th-hour deal — but tax pros say it could be weeks before many Americans can actually file their returns.

The various changes to the tax code forced payroll departments to hold off their end-of-year accounting. A fair number of taxpayers still haven’t received their W2s, experts say. Those who need to file Form 8863 to claim credits for higher education won’t be able to file until the middle of February, after the IRS finishes updating its processing systems, officials said Monday.

via finance.yahoo.com

Posted by The Real News! at 12:09 PM in Finance | Permalink

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