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Tax Refund and Tax Return Filing Delay in 2013

While the tax return date for 2013 might have been pushed 8 days forward, all tax refunds will still be processed as they as been done in the past. So, the earlier taxpayers file their returns, the earlier they get their refunds.

 
PRLog - Feb. 26, 2013 - On January 8, 2013, the IRS announced that tax season which was normally scheduled to start on January 22 had to be shifted 8 days forward. The tax house had then stated that the shift in date was necessitated as it needed to make changes to its processing systems so as to accommodate the changes made by Congress under the American Taxpayer Relief Act (ATRA). Not minding the shift in the tax return date, the time needed in processing the returns is not expected to exceed 21 days as it was in the past. So, the earlier taxpayers file their returns, the earlier they will get their refunds.

Taxpayers are left with a choice to either file their returns electronically or through paper applications. Those that file through paper applications should not expect to have their refunds processed and acknowledged as fast as those that file online using any of the tax preparatory software. Therefore, taxpayers expecting to get a huge refund and in quick time should consider filing electronically. Filing online also allows them the opportunity to file an error-free return quickly. This takes away any delay in receiving their refunds as a result of their own personal filing errors. Taxpayers looking to file their returns electronically now and free of charge should visit http://www.easyincometaxfilingonline.com/.

The IRS started processing returns that were affected by the late Alternative Minimum Tax (AMT) and those claiming the state and local sales tax deduction, higher education tuition and fees deduction and educator expenses deduction on the 30th of January and recently started the processing of the Depreciation and Amortization tax form 4562 and the Education credits form 8863. While all these forms represent the majority of American taxpayers, it is expected that the tax house will still make further announcement as to when it will start processing forms including the General Business Credit, Credit for Federal Tax Paid on Fuels and many more in March.

Taxpayers that file their returns online now can expect to have their refunds in approximately 21 days. Please visit http://www.easyincometaxfilingonline.com/ for more information on how to file tax returns easily and get the highest refund possible.

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Source:Easy Tax Filing
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Industry:Accounting, Finance
Tags:file taxes online, my tax refund, turbo tax, turbotax return calculator, free tax calculators
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