Because of the delay by Congress to address last year’s expiring tax cuts, the IRS has had less time to update its forms and systems. That’s postponed the start of the tax season until Jan. 30 for everyone. But some filers have had to wait even longer because the IRS still hasn't updated all the forms.
Starting Sunday, the IRS is ready to being processing returns that include Form 4562 for depreciation and amortization. And on Feb. 14th, it will begin handling returns using Form 8863 to claim education credits.
There are still quite a few forms that the IRS won’t be able to start processing until the first week of March, including the energy efficient home credit.
I heard from one reader griping about the IRS because of these late forms. But the blame should be on Congress.Copyright © 2014, The Baltimore Sun