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To my peers, Since schedule A's will be delayed, What are you doing and what are you telling taxpayers?
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This afternoon, the IRS announced plans for a February 14, 2011 start date to process tax returns that were delayed as a result of the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010. The IRS will begin the processing of both paper and e-filed returns that contain itemized deductions on Schedule A, tuition and fees deduction on Form 8917, and the educator expenses deduction.
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I am telling my clients that Congress waited until the 11th hour to pass tax laws and programming just can't happen that quickly so the filing will be delayed. Meanwhile, I am doing the returns and sending them to LaCerte to file whenever they can.
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We just tell them like it is: “Due to a late tax law changes the IRS is not ready to accept certain returns before second part of February. Your return will be e-filed as soon as the IRS is ready to process them.”
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So you did not answer the question. How are you handling clients?
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We have received this notice from our software company: “The IRS asks that you do not file these returns until the prescribed start date (yet to be determined). Stockpiling rules do not apply to these returns.”
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The IRS announced today that the start date of business return e-file – 1120, 1120S, 1065 and 990 returns – has been delayed to January 12, 2011 (formerly January 8, 2011).
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