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Wednesday, January 9, 2013

IRS announces 1040 filing delay.


IRS announces 1040 filing delay.
What do you tell your clients?


The IRS yesterday announced a delay to the start of e-filing of individual returns. 1040 e-filing was scheduled to begin Tuesday, January 22. The IRS announced yesterday that the start of 1040 e-filing has been pushed back to Wednesday, January 30. The IRS cited the need to finalize forms and to complete programming and testing of its processing systems after passage of the American Taxpayer Relief Act (ATRA) as the reason for the delay.

The delay in the start of 1040 e-filing will impact your clients, particularly those who receive tax refunds. The later start to the filing season means disbursement of refunds will not begin until February. It is important to let taxpayers know that no refunds will be received in January.


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