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Tag Archives: Tax

January 30th – IRS Will Begin Accepting Returns

01/09/2013 11:15 PM ⋅

The IRS announced on January 8th, 2013, that the official date for the IRS to begin processing 2012 individual income tax returns will be January 30, 2013. The last minute tax law changes enacted on January 2, 2013, by Congress have caused this delay. The IRS is now scrambling to update forms and processing systems to reflect those changes.

Most taxpayers will be able to file at that time, but some taxpayers with certain deductions will be delayed even further into February or March. These deductions may include residential energy credits, certain depreciations, or general business credits.

“We have worked hard to open tax season as soon as possible,” IRS Acting Commissioner Steven T. Miller said. “This date ensures we have the time we need to update and test our processing systems.”

The IRS will not process paper tax returns before the anticipated Jan. 30 opening date. There is no advantage to filing on paper before the opening date, and taxpayers will receive their tax refunds much faster by using e-file with direct deposit.

A Tax Haven is available to prepare your return now so it will be ready to file as soon as the IRS begins accepting returns.

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New Regulations for Tax Preparers

01/08/2013 12:29 AM ⋅

The IRS has seen the need in recent years to regulate tax preparers due to the abuses by some unqualified and incompetent “preparers”. Be wary of anyone who prepares your return but doesn’t sign it, or of anyone who offers you “mo’ money” (aka a larger refund) by adding deductions you are not entitled to. Also, protect yourself from the “herd” mentality of chain offices that employ many “preparers” with little experience or knowledge of the tax industry and charge exorbitant prices.

A Tax Haven provides experience you can trust. I have been active in the tax industry since 1988. As an EA (Enrolled Agent), I am required to maintain Continuing Education hours every year. New clients have often said, “No one has ever asked me that before” or “I’ve never had anyone explain that before.” My goal is to keep my clients informed and to help them keep as much of their hard-earned money in their own pockets as possible.

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Posted in: News to Know, Tax Preparers ⋅ Tagged: , , ,