News & Tax Alerts: Tax Alerts – Federal

IRS Now Accepting All 2012 Forms (3/5/2013)

Tuesday, March 5, 2013   (0 Comments)
The Internal Revenue Service has finished updating its tax-processing systems, allowing all remaining individual and business taxpayers to file their 2012 federal income tax returns.

Over the past weekend, the IRS completed reprogramming and testing of its systems for tax-year 2012, including all remaining updates required by the American Taxpayer Relief Act (ATRA) enacted by Congress in January. This final step clears the way for those claiming residential energy credits and various business tax credits and deductions to file their returns.

The IRS began accepting 2012 returns in phases as it worked quickly to update various forms and instructions and made critical adjustments to its processing systems to reflect the current law. As the result, the agency began accepting most returns filed by individual taxpayers on Jan. 30. Additional returns could be accepted in February. All remaining returns, affecting in relative terms the smallest group of taxpayers, can now be filed.