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Have you seen this? :glare:

 

I am bummed. We are getting a refund (every little bit helps anymore!) and were finishing everything when we found this. We can submit, but it won't be processed until the IRS updates everything.

 

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http://www.irs.gov/newsroom/article/0,,id=233449,00.html

 

Tax Season Starts on Time for Most Taxpayers; Those Affected by Late Tax Breaks Can File in Mid- to Late February

 

IR-2010-126, Dec. 23, 2010

WASHINGTON — Following last week’s tax law changes, the Internal Revenue Service announced today the upcoming tax season will start on time for most people, but taxpayers affected by three recently reinstated deductions need to wait until mid- to late February to file their individual tax returns. In addition, taxpayers who itemize deductions on Form 1040 Schedule A will need to wait until mid- to late February to file as well.

The start of the 2011 filing season will begin in January for the majority of taxpayers. However, last week’s changes in the law mean that the IRS will need to reprogram its processing systems for three provisions that were extended in the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 that became law on Dec. 17.

People claiming any of these three items — involving the state and local sales tax deduction, higher education tuition and fees deduction and educator expenses deduction as well as those taxpayers who itemize deductions on Form 1040 Schedule A — will need to wait to file their tax returns until tax processing systems are ready, which the IRS estimates will be in mid- to late February.

“The majority of taxpayers will be able to fill out their tax returns and file them as they normally do,†said IRS Commissioner Doug Shulman. “We will do everything we can to minimize the impact of recent tax law changes on other taxpayers. The IRS will work through the holidays and into the New Year to get our systems reprogrammed and ensure taxpayers have a smooth tax season.â€

The IRS will announce a specific date in the near future when it can start processing tax returns impacted by the late tax law changes. In the interim, people in the affected categories can start working on their tax returns, but they should not submit their returns until IRS systems are ready to process the new tax law changes.

The IRS urged taxpayers to use e-file instead of paper tax forms to minimize confusion over the recent tax changes and ensure accurate tax returns.

Taxpayers will need to wait to file if they are within any of the following three categories:

 

 

  • Taxpayers claiming itemized deductions on Schedule A. Itemized deductions include mortgage interest, charitable deductions, medical and dental expenses as well as state and local taxes. In addition, itemized deductions include the state and local general sales tax deduction extended in the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 enacted Dec. 17, which primarily benefits people living in areas without state and local income taxes and is claimed on Schedule A, Line 5. Because of late Congressional action to enact tax law changes, anyone who itemizes and files a Schedule A will need to wait to file until mid- to late February.
     

  • Taxpayers claiming the Higher Education Tuition and Fees Deduction. This deduction for parents and students — covering up to $4,000 of tuition and fees paid to a post-secondary institution — is claimed on Form 8917. However, the IRS emphasized that there will be no delays for millions of parents and students who claim other education credits, including the American Opportunity Tax Credit and Lifetime Learning Credit.
     

  • Taxpayers claiming the Educator Expense Deduction. This deduction is for kindergarten through grade 12 educators with out-of-pocket classroom expenses of up to $250. The educator expense deduction is claimed on Form 1040, Line 23, and Form 1040A, Line 16.

 

For those falling into any of these three categories, the delay affects both paper filers and electronic filers.

The IRS emphasized that e-file is the fastest, best way for those affected by the delay to get their refunds. Those who use tax-preparation software can easily download updates from their software provider. The IRS Free File program also will be updated.

As part of this effort, the IRS will be working closely with the tax software industry and tax professional community to minimize delays and ensure a smooth tax season.

Updated information will be posted on IRS.gov. This will include an updated copy of Schedule A as well as updated state and local sales tax tables. Several other forms used by relatively few taxpayers are also affected by the recent changes, and more details are available on IRS.gov.

In addition, the IRS reminds employers about the new withholding tables released Friday for 2011. Employers should implement the 2011 withholding tables as soon as possible, but not later than Jan. 31, 2011. The IRS also reminds employers that Publication 15, (Circular E), Employer’s Tax Guide, containing the extensive wage bracket tables that some employers use, will be available on IRS.gov before year’s end.

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Have you seen this? :glare:

 

I am bummed. We are getting a refund (every little bit helps anymore!) and were finishing everything when we found this. We can submit, but it won't be processed until the IRS updates everything.

 

 

Yep. I submitted our taxes more than two weeks ago and then got the notice that it won't be processed until mid-February.

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Don't you love how they penalize us for owing them, but they can keep our money however long they want? :cursing:

 

Once the IRS owed us $16k. Some moron just let the return sit on his desk and never processed it-for over a year!. I can't tell you how long it took for them to track in down thru different states and fix it. They even sent us letters saying we owed them!

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Don't you love how they penalize us for owing them, but they can keep our money however long they want? :cursing:

 

 

Gosh, I didn't think of that! I had no idea until I got the message when I finished filing on Turbotax today. I hope it doesn't get pushed much later, I want our money!

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I know the delay is thanks to Congress, and it will take time for the IRS to get the system ready. I am sure they are doing the best they can, but I still hope it does not take too long.;)

 

We have 2 daughters in college so we are getting one of the tax breaks. Seems minimal compared to what we are spending on the colleges, but every bit helps.

 

I don't want to complain, but I hope we see our $$ soon. :)

Edited by blessed3x
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Well I knew there was a delay and in theory we would be affected by it (we use itemized deductions) but in reality I don't think it will be a problem. My husband has a life insurance policy that pays about $15-20 of taxable something (I forget what it's called right now) and every single year we have to wait for that stupid form. That don't publish it online so I can at least get the amount and I swear they don't mail it when they are suppose to. The earliest we have ever gotten the form was Feb 7 but most years it's between the 10th and 15th. I'm envious of all you have finished theirs. I would love to be one of them (because I actually enjoy doing my taxes) but I'm stuck waiting for this form that never actually affects our taxes.

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CONGRESS is the cause of the delay. We use Turbo Tax and ours is already to go, but the IRS won't touch it until February 14th. If all else remains the same as in the past, e-filers should only be waiting 2-3 weeks for the Direct Deposit refund.

 

One more reason to dislike Congress.

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We filed without our A and educator deduction, and we will amend later. :001_smile:

 

However, direct deposits of refunds are apparently being delayed this week, too.:glare:

 

 

Are you or your dh teachers?

Just checking, because I didn't think homeschoolers could claim the educator credit. Please correct me if I am wrong. We haven't filed yet and I will make that correction if it is allowed. ;)

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Are you or your dh teachers?

Just checking, because I didn't think homeschoolers could claim the educator credit. Please correct me if I am wrong. We haven't filed yet and I will make that correction if it is allowed. ;)

 

No, homeschoolers definitely cannot claim it. Dh is an administrator in the public schools. :001_smile:

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We are submitting our return in tonight so they can sit and wait for the IRS to accept it on the 14th like everyone else's.... at least we HOPE it is the 14th. :tongue_smilie:

 

If anyone hears anything about this please share!! :D

 

Maybe we will get lucky and they will get everything up and running before the 14th. I can dream, can't I?

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We are submitting our return in tonight so they can sit and wait for the IRS to accept it on the 14th like everyone else's.... at least we HOPE it is the 14th. :tongue_smilie:

 

If anyone hears anything about this please share!! :D

 

Maybe we will get lucky and they will get everything up and running before the 14th. I can dream, can't I?

 

My mom's an EA with the IRS (that's how I knew about the delays this week.) I'll post on this thread if she passes anything along. :001_smile:

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CONGRESS is the cause of the delay....One more reason to dislike Congress.

 

Congress passed the changes back in December. It's the incompetence of the bureaucrats at the IRS that is making it take so long to update the software. A private company wouldn't take 2 months to make similar updates.

 

I used to work in a civil service job back when I was a military wife and was completely fed up with the incompetence I witnessed. While I certainly had colleagues and superiors who were hard-working and decent at their jobs, they didn't get paid any more than the slackers who were just biding time until they were eligible to retire :glare:

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