“Congress’ delay in finalizing the 2012 tax rules will affect the filing season. Many taxpayers will not be able to file early next year. Because taxwriters aren’t expected to act until mid-December to reinstate a set of tax provisions that expired after 2011, IRS expects it will have to delay accepting some returns until mid-February. This will affect itemizers and anyone deducting teachers’ supplies or college tuition. Refunds will be delayed for millions of filers…. the victims of taxwriters’ foot-dragging.”

Also, after receiving many complaints regarding the accuracy of the “ Where’s My Refund page on the IRS’ website , the Service will not be giving precise dates for refunds this filing season. Instead, you may generally expect to be told that you will receive your refund within 21 days of the date the return is filed.

Stephen Osborne
Accountant
sosborne@mo-cpa.com