Are there going to be tax filing & return delays?

[ddi741]

Last I saw, the IRS would start to accept returns as of January 30th.

[sicilygirl]

Yes, most filers can start filing their returns on January 30th. Filers who use certain forms including Form 5695 (Residential Energy Credits), Form 4562 (Depreciation and Amortization), and Form 3800 (General Business Credit) in their return will have to wait until late February and into March to file. They haven't announced that date yet. There are other forms that will cause delays as well, but those are some of the more popular ones.

[Deleted]

I believe I read on Turbotax (could be wrong) that it is 1/30 for IRS acceptance and any refunds will start on 2/6.

[LoveTrains]

I believe that the problem in granting refunds is only a problem if the debt ceiling isn't raised. Since they are going to raise the debt ceiling, it shouldn't be an issue.

[Deleted]

This is the entire list of forms that won't be accepted until a later unannounced date, everything else can be filed 1/30. I think the mortgage interest credit will probably effect a lot of people.

•Form 3800 General Business Credit
•Form 4136 Credit for Federal Tax Paid on Fuels
•Form 4562 Depreciation and Amortization (Including Information on Listed Property)
•Form 5074 Allocation of Individual Income Tax to Guam or the Commonwealth of the Northern Mariana Islands
•Form 5471 Information Return of U.S. Persons With Respect to Certain Foreign Corporations
•Form 5695 Residential Energy Credits
•Form 5735 American Samoa Economic Development Credit
•Form 5884 Work Opportunity Credit
•Form 6478 Credit for Alcohol Used as Fuel
•Form 6765 Credit for Increasing Research Activities
•Form 8396 Mortgage Interest Credit
•Form 8582 Passive Activity Loss Limitations
•Form 8820 Orphan Drug Credit
•Form 8834 Qualified Plug-in Electric and Electric Vehicle Credit
•Form 8839 Qualified Adoption Expenses
•Form 8844 Empowerment Zone and Renewal Community Employment Credit
•Form 8845 Indian Employment Credit
•Form 8859 District of Columbia First-Time Homebuyer Credit
•Form 8864 Biodiesel and Renewable Diesel Fuels Credit
•Form 8874 New Markets Credits
•Form 8900 Qualified Railroad Track Maintenance Credit
•Form 8903 Domestic Production Activities Deduction
•Form 8908 Energy Efficient Home Credit
•Form 8909 Energy Efficient Appliance Credit
•Form 8910 Alternative Motor Vehicle Credit
•Form 8911 Alternative Fuel Vehicle Refueling Property Credit
•Form 8912 Credit to Holders of Tax Credit Bonds
•Form 8923 Mine Rescue Team Training Credit
•Form 8932 Credit for Employer Differential Wage Payments
•Form 8936 Qualified Plug-in Electric Drive Motor Vehicle Credit

[njohnson1972]

What is really sad is that I have only received 2 pieces of paperwork needed for filing. I need so many more and I usually have received more by now.

[Deleted]

Jan 23, 2013 13:34:33 GMT -5 njohnson1972 said:

What is really sad is that I have only received 2 pieces of paperwork needed for filing. I need so many more and I usually have received more by now.

Eh, companies still have time to get the paperwork out. I don't get worried until after the deadlines (and time for mailing) pass.

[SJ]

I haven't gotten many forms in the mail- but many are online. I downloaded and printed our SL interest forms, ING interest forms, and mortgage interest/taxes forms last night from the websites.

[sicilygirl]

Jan 23, 2013 13:22:58 GMT -5 papiercherri said:

This is the entire list of forms that won't be accepted until a later unannounced date, everything else can be filed 1/30. I think the mortgage interest credit will probably effect a lot of people.


That won't affect many people.  It's not the same thing as claiming the mortgage interest deduction on Schedule A.  It's only for those who were issued a qualified Mortgage Credit Certificate by a state or local governmental unit or agency under a qualified mortgage credit certificate program.

[Deleted]

Jan 23, 2013 13:35:44 GMT -5 @totsintosa said:

Jan 23, 2013 13:34:33 GMT -5 njohnson1972 said:

What is really sad is that I have only received 2 pieces of paperwork needed for filing. I need so many more and I usually have received more by now.

Eh, companies still have time to get the paperwork out. I don't get worried until after the deadlines (and time for mailing) pass.

BUT I WANT MY TAX RETURN NOW!


(I kind of actually mean that -- I want the paperwork to do my return now because I want to see what we owe.  Still waiting on one W2 and every non-W2 form.  Boooooooo).

[Deleted]

So you're just waiting to find out how much you owe so you can wait until April 15 to file and pay. Right, v?

[Deleted]

Jan 23, 2013 18:10:47 GMT -5 @totsintosa said:

So you're just waiting to find out how much you owe so you can wait until April 15 to file and pay. Right, v?

Correct!

So it is just that the suspense is killing me.  That's all

[agnes]

Looks like it won't be a problem for us.

As soon as I get my W2 from my old job, we'll be able to file.

[LoveTrains]

Oh poop, I wonder if that depreciation form includes rental property? If so, rage.

[aspentosh]

I have a feeling forms will be a little slower with all the delays in gov't. I usually have my W2s by now!

[calico]

We're still waiting on an assload of forms too. I want to know now if we are going to have a refund or if we will owe. If it's the former, I want my money now. If it's the latter, I'm waiting until the last possible minute.

[sicilygirl]

Jan 24, 2013 7:43:23 GMT -5 LoveTrains said:

Oh poop, I wonder if that depreciation form includes rental property? If so, rage.

Yes, it does!  Sorry!