Tax Alert

Tax Return Filing Delays Result From Late Passage of the American Taxpayer Relief Act of 2012

(Jan. 29, 2013)

The American Taxpayer Relief Act of 2012 was signed by President Barack Obama on Jan. 2, 2013. Many of the resulting changes apply retroactively to the 2012 tax year. Delays in this year’s filing season will result as the IRS modifies tax forms and systems for the new law changes.

Individual Returns
The retroactive changes affect many common tax forms, and the IRS publicly announced that electronic filing for individual income tax returns will not be available until Jan. 30, 2013. Only the simplest individual returns will be eligible for electronic filing on Jan. 30. The IRS estimates that it will be late February or early March before all forms are available for filing.

Business Returns
The IRS also announced that it will not be accepting electronic filing for 2012 business tax returns until all forms and systems are updated for the changes. The announcement did not indicate when the IRS will begin accepting electronically filed returns, but delays until late February or early March are expected.

Tax-Exempt Entities
The IRS announcement regarding delays in electronic filing of business tax returns also applies to Form 990, “Exempt Business Income Tax Return.” Form 990-T, “Exempt Organization Business Income Tax Return,” is not filed electronically, but many of the forms needed for filing Form 990-T are among those the IRS indicated will not be available until late February or early March.

The various IRS releases also indicate paper returns for individual, business, and tax-exempt entities will not be processed prior to the time that forms are available for electronic filing.


For More Information
Howard Wagner

Contact Us
Howard Wagner - 150
Howard M. Wagner
Partner, National Tax Services