Tax filing delays
Welcome to my blog post on my web page. This is my first posting and I hope you find it helpful and informative as well as entertaining.
As you know there was new tax legislation passed with the so called "fiscal cliff" bill. Due to the lateness of this legislation passing there have been numerous delays in the preparation of tax forms by the IRS. This has led to a delay of filing tax returns by preparers. As of this writing some tax returns are being delayed until February 5th and 8th. Simple returns can be processed but if you have a small business with depreciation or items such as passive activity losses(ie. rental properties) then you will continue to experience delays.
I will keep you updated.
David Warren | 02/03/2013