Friday, January 21, 2011

IRS Delay in processing 1040s

Because of extended and newly enacted provisions of recent tax bills, the IRS announced a delay in processing of returns for taxpayers who file schedule A, have educator expenses, or tuition and fees deductions.

The IRS announced that they will start accepting the affected returns on February 14th.

Many software providers will accept returns for e-filing and hold them until the IRS will accept them.

Check with your paid preparer or your tax software vendor for their specific instructions.

Or call Kelly Phillips for more question 501.753.9700.

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