McAlester News-Capital, McAlester, OK

Features

January 28, 2013

IRS to open tax-filing season 8 days later because of fiscal cliff

WASHINGTON —

Put down those calculators and step away from the kitchen table, for now at least, because tax season will start a little later this year.

The Internal Revenue Service said it would start processing individual tax returns on Jan. 30, eight days later than it had planned, because of the various changes to tax laws made in the fiscal cliff deal.

Unfortunately for procrastinators, Washington’s political dysfunction won’t delay the coming of the tax man — April 15 still is the deadline to file.

Higher tax rates on household income above $450,000, an inflation adjustment to the alternative minimum tax and other provisions of the deal enacted last week mean the IRS has to make last-minute changes to forms and computer software.

That’s going to cause those eager to get their tax refund to have to wait.

“We have worked hard to open tax season as soon as possible,” said Steven T. Miller, the agency’s acting commissioner. “This date ensures we have the time we need to update and test our processing systems.”

The expiration Dec. 31 of the George W. Bush-era tax cuts, as well as other tax provisions, led to concerns last month of more extensive delays as Congress and the White House wrangled over a deal to avert the economic damage of huge tax increases.

The IRS had warned that failure to make the annual adjustment to the alternative minimum tax — designed in 1969 to ensure the very wealthy paid income tax but flawed because it was not indexed to inflation — could have delayed tax filing this year for 100 million people until at least the end of March.

But a deal on taxes resolved those issues and will allow the IRS to start processing most electronic and paper returns on Jan. 30. The agency said there is no advantage to sending in paper returns before that date because it would not process them.

Text Only | Photo Reprints
Features
Seasonal Content
AP Video
Raw: Ferry Sinks Off South Korean Coast Town, Victims Remember Texas Blast Freeze Leaves Florida Panhandle With Dead Trees At Boston Marathon, a Chance to Finally Finish Are School Dress Codes Too Strict? Raw: Fatal Ferry Boat Accident Suspicious Bags Found Near Marathon Finish Line Boston Marks the 1st Anniversary of Bombing NYPD Ends Muslim Surveillance Program 8-year-old Boy Gets His Wish: Fly Like Iron Man Sex Offenders Arrested in Slayings of CA Women India's Transgenders Celebrate Historic Ruling Tributes Mark Boston Bombing Anniversary Raw: Kan. Shooting Suspect Faces Judge
NDN Video
8-year-old Boy Gets His Wish: Fly Like Iron Man Toddler climbs into vending machine Much-Anticipated 'Gone Girl' Trailer Finally Debuts! (VIDEO) Dog and Toddler Wear Matching Outfits in Adorable Photo Series VP Biden: "World witnesses ordinary citizens doing extraordinary things" It's Official! Michael Strahan Joins "GMA" Blood Moon Time-lapse Actress Lake Bell Goes Topless The Five Weirdest Local Taxes in America Applicants Vying for 'World's Toughest Job' Get Heartwarming Surprise Awkward: Crist catches Lt. Gov. insulting him on camera NASA Showcases Lunar Eclipse US Airways Tweets Graphic Photo of Nude Woman Behind the scenes of the Marathon anniversary photo shoot American Airlines Responds After Girl Tweets Alleged Terror Threat 'Joke' Charlie White's "Dancing" Mistake Olympic Great & Baltimore Native Michael Phelps Ends Retirement; Eyes Rio 2014 NFL Draft: Potential Booms And Busts William and Kate Squash Baby No. 2 Rumors With a Wine-Tasting Trip Who Showed Up at Coachella?
Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.