The Internal Revenue Service announced that they plan to open the 2013 filing season and begin processing individual income returns on January 30th. Due to the late tax law changes enacted on January 2, this announcement means that the IRS will begin accepting e-filed tax returns for the vast majority of U.S. tax filers on January 30th.
The IRS estimates that the remaining households will be able to start filing in late February or into March because of the needs for more extensive form and processing system changes. This group of filers includes people claiming residential energy credits, depreciation of property or general business credits.
The late opening of filing season follows the passage of extensive tax changes in The American Taxpayer Relief Act of 2012 (ARTA) by Congress on January 1,2013. While the IRS worked to anticipate the late tax law changes as much as possible, the final law required that the IRS update forms before it can begin accepting tax returns.
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Whose returns will be accepted starting January 30?
The IRS anticipates that the vast majority (about 120 Million tax returns) of all taxpayers returns will be accepted starting January 30. The IRS will be accepting returns affected by the late Alternative Minimum Tax (AMT) patch as well as the three major “extender” provisions for people claiming (1) the state and local sales tax deduction, (2) higher education tuition and fees deduction and (3) educator expenses deduction.
Who Cannot File Until Later?
There are several forms that were affected by the late passed legislation that require more extensive updating. 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. Below we have listed a full list of forms that are affected and cannot be filed on January 30:
Form 3800 General Business Credit
Form 4136 Credit for Federal Tax Paid on Fuels
Form 4562 Depreciation and Amortization (Including Information on Listed Property)
Form 5074 Allocation of Individual Income Tax to Guam or the Commonwealth of the Northern Mariana Islands
Form 5471 Information Return of U.S. Persons With Respect to Certain Foreign Corporations
Form 5695 Residential Energy Credits
Form 5735 American Samoa Economic Development Credit
Form 5884 Work Opportunity Credit
Form 6478 Credit for Alcohol Used as Fuel
Form 6765 Credit for Increasing Research Activities
Form 8396 Mortgage Interest Credit
Form 8582 Passive Activity Loss Limitations
Form 8820 Orphan Drug Credit
Form 8834 Qualified Plug-in Electric and Electric Vehicle Credit
Form 8839 Qualified Adoption Expenses
Form 8844 Empowerment Zone and Renewal Community Employment Credit
Form 8845 Indian Employment Credit
Form 8859 District of Columbia First-Time Homebuyer Credit
Form 8864 Biodiesel and Renewable Diesel Fuels Credit
Form 8874 New Markets Credits
Form 8900 Qualified Railroad Track Maintenance Credit
Form 8903 Domestic Production Activities Deduction
Form 8908 Energy Efficient Home Credit
Form 8909 Energy Efficient Appliance Credit
Form 8910 Alternative Motor Vehicle Credit
Form 8911 Alternative Fuel Vehicle Refueling Property Credit
Form 8912 Credit to Holders of Tax Credit Bonds
Form 8923 Mine Rescue Team Training Credit
Form 8932 Credit for Employer Differential Wage Payments
Form 8936 Qualified Plug-in Electric Drive Motor Vehicle Credit