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IRS E-Filing Start Dates Later This Year

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By Jay Michaels

Twin Falls, Idaho ( KMVT-TV / KTWT-TV ) As soon as New Year's Day is over, we all start watching our mailboxes for the paperwork we need to do our taxes. But this year, some of the start dates for e-filing are noticeably later than usual.

The best thing about filing your taxes electronically is you can get your refund much sooner than just getting the check in the regular mail. This year the start date for individuals to e-file is January 30th, and for some businesses it's the 4th of February.

Ruth Pierce with Stevens Pierce & Associates CPAs says, "People are waiting to get e-filed, and then will be waiting for their refunds. The refunds may take up to six weeks this year. They're still vetting out the system with the changes in the forms, et cetera."

Pierce says if you have a fairly simple tax return, with your W-2 form, your itemized deductions, and if you're a homeowner, you can file now. But be aware that if you're filing for the earned income credit, you'll need to prove it with the appropriate documentation.

Business owner David Johnson says, "My CPA sends out a questionnaire, and I have to answer a bunch of questions to make sure all of the changes are recorded. I've got two corporations. My wife and I both have occupations, so there's a lot to be concerned about."

Pierce says most businesses that have complicated tax returns haven't had an e-filing start date announced yet, but that could be postponed until the end of February or even early March.

Pierce says, "However, if there's some complicated individual returns, they're not ready to be filed yet, because the IRS is not accepting certain forms electronically. If you have depreciation or some other business expenses, you may not be able to file yet."

So what this all boils down to is, if you have a fairly simple tax return, you should be able to file electronically now. But consult a tax preparation professional first.

Feb. 4, 2013.


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