Filing tax returns delayed
Photo: Video by fox4now.com
FORT MYERS, Fla. - While many of us usually like to get a jump start on filing our taxes... some are being forced to wait.
"This year it was delayed, typically you can file anytime you have all of your tax information in hand, in the calendar year. So effectively January first.
Accountant Mary Feichthaler says congress' weeks long debate over the fiscal cliff ... meant some tax laws were still changing up until January second ... forcing the IRS to postpone when it would begin accepting tax returns.
"They screwed up the forms, so the IRS was behind schedule because they had to make software updates, and then the tax preparers had the same issue because our tax software providers also had to update their forms".
She says if you have a fairly simple return ... you won't see a huge delay getting your money. But if it's a little more complicated ... you might have to be a little more patient.
"If your taking higher education tuition credits, if your taking an energy tax credit, or if your doing any kind of depreciation - those are the main forms that are being delayed until sometime february".
She says even if your return does get held up ... its better to file sooner, rather than later.
"Knowing that we're already having delays and bottlenecks, don't wait until the last minute, or you might find yourself having a significant wait for your return to get processed".