Tax Filing Delayed Due to Fiscal Cliff
By:
DULUTH - Last minute decisions about the Fiscal Cliff are delaying the start of the tax season by eight days.The IRS was originally scheduled to start accepting returns on Jan. 22, but that date has been pushed back to Jan. 30.
This is all because of changes made to tax laws during the Fiscal Cliff legislation.
With all the new modifications, the IRS had to make changes to their forms and tax processing software companies had to update their programs.
"I would think that the delay would happen early in the tax season,” UMD Associate Professor of Taxation and Business Law Randy Skalberg said. “That by mid to late February if you're working on your taxes at that point that probably won't be any delay."
Employers aren't required to give out W–2 forms until Jan. 30.
