2013 Tax Season

Tax

IRS Delays Accepting Returns That Include 31 Types of Forms

The IRS announced January 28, 2013, that it won't accept returns for processing that include Form 8863, Education Credits, until mid-February, or two weeks after the 2013 tax filing season begins. It’s one of many forms currently unavailable.
Tax

Free Spreadsheet-Based Form 1040 Available for 2012 Tax Year

It's not just the IRS that's been madly updating forms for the 2012 filing season. Right on schedule, Glenn Reeves of Kansas has released his sixteenth spreadsheet-based version of the US Individual Tax Return, commonly known as Form 1040.
Tax

IRS Highlights Refund Tracker for Electronic Tax Return Filers

With the federal tax-filing season ready to begin January 30, the IRS wants electronic tax filers (e-filers) to know of its improved Where's My Refund? tracking program.
Tax

IRS Provides Penalty Relief to Farmers and Fishermen

The IRS announced it will issue guidance to provide relief from the estimated tax penalty for farmers and fishermen unable to file and pay their 2012 taxes by the March 1 deadline due to the delayed start for filing tax returns.
Tax

AICPA Offers Heads Up on New Medicare Taxes

The American Institute of CPAs (AICPA) hosted a conference call January 17 to discuss compliance and planning issues surrounding the new 3.8 percent Medicare surtax that kicks in this year.
Tax

Last Shot at IRA Gifts to Charity for '12

The IRS is reminding senior citizens of an eleventh-hour reprieve granted by the American Taxpayer Relief Act. Older individuals can still pull off a tax-free, IRA-to-charity transfer of funds, but only if they act by January 31.
Tax

IRS: Annual Inflation Adjustments for 2013

The IRS announced January 11, 2013, annual inflation adjustments for tax year 2013, including the tax rate schedules and other tax changes from the recently passed American Taxpayer Relief Act of 2012.
Tax

Don't Be Shocked by E-Filing Glitches

The IRS is concerned that e-filing by tax return preparers could be short-circuited by hackers. As a result, it has updated the FAQs on its website outlining the steps to take if your EFIN is compromised.
Tax

IRS Plans January 30 Tax Season Opening for 1040 Filers

Following the January tax law changes made by Congress under the American Taxpayer Relief Act, the IRS has announced it plans to open the 2013 filing season and begin processing individual income tax returns January 30.
Tax

Countdown to Preparer Registration: Don't Drop the Ball

As time ticks down in 2012, the IRS is once again reminding professional tax return preparers to renew their Preparer Tax Identification Numbers (PTINs) if they intend to offer their services in 2013.
Tax

It's Open Enrollment Season for PTINs!

The IRS has issued an important reminder to 730,000 federal tax return preparers around the country: Don't forget to renew your PTIN for 2013. It has also cautioned tax professionals who must meet new competency tests to schedule their exams.
Tax

YouTube Video Features Medicare Surtax

"Benjamin Franklin said, 'In this world, nothing could be said to be certain, except death and taxes.' At least with taxes, they keep changing." Thus starts a new YouTube video entitled "Medicare Investment Income Tax."
Tax

Highlights of COLAs for '13

The IRS has announced various cost-of-living adjustments for 2013. Although inflation has remained on the low side this year, it was still high enough to move the needle on more than two dozen tax code provisions.

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