Tax Facts & Tips

IRS announced the start date for Tax Returns with the "Extender Provisions".

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This entry was posted on 1/14/2007 6:37 AM and is filed under Tax News.

February 3, 2007 is the Start Date for "Extenders Provisions"  . . .

The IRS plans February 3rd as the date that they will be able to begin processing tax returns that claim key tax provisions enacted late in December. Both paper and electronic returns will not be processed if submitted before that date. Tax returns filed on paper will be accepted but will not be processed until after IRS processing systems are updated on Feb. 3.

The IRS also noted that it will begin processing both e-file and paper tax returns that include claims for key "extender" provisions, including deductions for state and local sales taxes, higher education tuition and fees, and educator expenses on Feb. 3. Any other tax returns for individuals that do not claim an extender provision can be filed as normal this month.

The IRS emphasized that using IRS e-file is the most accurate way to file any tax return and the quickest way for taxpayers to receive their refunds is with direct deposit. Tax software will be updated so taxpayers can easily claim the extender provisions.

With ongoing training and ties to national organizations we have the most up-to-date tax filing information available. You can trust our firm to have the most comprehensive tax knowledge and innovative solutions available! We keep informed about glitches, errors, and solutions to the ever changing tax preparation needs. Watch our website for up-to-date tax-time changes! Keep Informed!

 

 
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