Lisa Bloomer, CPA

02/11/2013

Many businesses are now able to file their 2012 federal income tax returns. Filers of forms affected by January tax law changes will need to wait until late February or early March.

01/29/2013

The IRS said today that processing of tax returns claiming education credits will begin by the middle of February.

Taxpayers using Form 8863, Education Credits, can begin filing their tax returns after the IRS updates its processing systems. Form 8863 is used to claim two higher education credits: the American Opportunity Tax Credit and the Lifetime Learning Credit.

See the complete article below in Accounting Today...http://www.accountingtoday.com/news/Education-Credit-Returns-on-Hold-Until-Mid-February-65466-1.html?ET=webcpa:e6635:425369a:&st=email

The IRS said today that processing of tax returns claiming education credits will begin by the middle of February.