The Internal Revenue Service will begin accepting tax returns later this month.
The IRS announced recently that it would open the 2013 filing season and begin processing individual income tax returns on January 30.
IRS Spokesman Mark Green said this announcement means that the vast majority of tax filers, more than 120 million households, should be able to start filing tax returns on January 30.
“We do encourage individuals to hold off on sending their paper returns in until January 30 and then once January 30 comes around, we encourage to individuals to file electronically because this will speed up the time frame for them getting their refund back and also for processing their tax return,” said Green.
According to IRS officials, that date will give the agency time to update forms and complete programming and testing of its processing systems to reflect the bulk of the late tax law changes enacted on January 2.
Green did say that some with more complex returns will have to wait until February or March to file because of the need for more extensive form and processing systems changes.
“This group includes people claiming residential energy credits, depreciation of property, and general business credits,” said Green. “Generally, these individuals will file at a later time anyway.”
Meanwhile, the IRS also has advice for those who are considering using their last paycheck stub to file their tax return.
Green said that the agency has received numerous questions on this topic.
He said the IRS encourages people to wait until receiving their W-2 form before filing their taxes.
“The W-2 will have the accurate information,” said Green. “If you were to use your last paycheck stub to file your return, you are going to have to go back and file again to have the correct information placed on your tax return, so those individuals who used their last paycheck stub, you may want to pay special attention to that to you see if you did have the correct information that was highlighted on your W-2 document versus using your last paycheck stub.”
More information about tax season can be found online at www.irs.gov.