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Delayed Filing Tip

IRS Newswire January 20, 2011

Issue Number: IR-2011-7

IRS to Start Processing Delayed Returns on Feb. 14; Most People Unaffected and Can File

Now

WASHINGTON — The Internal Revenue Service plans a Feb. 14 start date for processing tax returns delayed by last

month's tax law changes. The IRS reminded taxpayers affected by the delay they can begin preparing their tax returns

immediately because many software providers are ready now to accept these returns.

Beginning Feb. 14, the IRS will start processing both paper and e-filed returns claiming itemized deductions on

Schedule A, the higher education tuition and fees deduction on Form 8917 and the educator expenses deduction. Based

on filings last year, about nine million tax returns claimed any of these deductions on returns received by the IRS

before Feb. 14.

People using e-file for these delayed forms can get a head start because many major software providers have

announced they will accept these impacted returns immediately. The software providers will hold onto the returns and

then electronically submit them after the IRS systems open on Feb. 14 for the delayed forms.

Taxpayers using commercial software can check with their providers for specific instructions. Those who use a paid

tax preparer should check with their preparer, who also may be holding returns until the updates are complete.

Most other returns, including those claiming the Earned Income Tax Credit (EITC), education tax credits, child tax

credit and other popular tax breaks, can be filed as normal, immediately.

submitted by: Charles Lewis Consulting,LLC  610-859-7808

 

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