Wednesday, January 5, 2011
Filing Delayed and Deadline Extended
Due to the late passage of the tax bill the IRS is still working on their computer system to accept tax returns. Three areas are causing delays in the acceptance of the returns. First is returns with itemized deductions, second is the educator credit and third is the education credits. The IRS hopes to have their issues corrected by the middle of February and will start accepting tax returns for processing. KatTax will be able to complete the returns on our software but will not be able to file the return until the IRS gives us the go ahead. This year April 15th is on a Friday, but because that Friday is a holiday in Washington DC the filing deadline has been extended until Monday April 18th.
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