Tax season officially kicks off Wednesday, later than usual because lawmakers only this month passed legislation to address expired tax cuts. The IRS needed time to update its forms and systems.
Not a problem for procrastinators, but a problem for others used to the tax season starting in mid-January.
"It is very painful and very inconvenient" for early filers counting on refunds to pay off holiday credit card bills or other debt, said Mark Steber, chief tax officer for Jackson Hewitt Tax Service. Many tax preparers, including Jackson Hewitt, have been preparing electronic returns and are just waiting to hit the send button Wednesday.
If you prepare your own...