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When does tax season start?

We here at chaoticcancellation are busy getting your end of year financials in order, reconciling December statements and generally getting caught from the end of the year 2012.  We hope that by mid-February, we will be able to start tax preparation and getting your tax returns done early and/or sending your financials to your CPA.

January is our time to get caught up and the Internal Revenue Service has announced that it has revised its opening date for tax season, pushing it out just eight days to January 30, 2013. Normally, the tax season opens on January 22 each year however due to tax legislation, its been pushed out. The statement on the IRS website

The IRS is currently reviewing the details of this week’s tax legislation and assessing what impact it will have on this year’s filing season. The IRS will soon make available additional information on when taxpayers can start filing 2012 tax returns.

What this means is that the IRS will begin accepting tax returns on January 30, 2013. Most taxpayers should be able to file on that date though some taxpayers will have to wait a bit for revised forms. Those include folks claiming residential energy credits, depreciation of property or general business credits.

Mid-February is when we will start processing tax returns for our clients.

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