Tax Season will be delayed for some taxpayers

Many taxpayers planning to file their 2010 tax returns early have been advised by IRS to cool their heels and wait until mid- to late-February, 2011. Affected taxpayers are those planning to file Schedule A, or claim above-the-line deductions for higher-education tuition and fees or educator expenses. The culprit is Congress’s late passage of the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (the 2010 Tax Relief Act, P.L. 111-312). IRS said it needs time to reprogram its computers to reflect the 2010 Tax Relief Act’s changes.

Taxpayers affected by the hold-up are those claiming:

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Source: feeds.networkingphoenix.com

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