Welcome to My Blog
Why Blog? The best reason I can think of is now you have a chance to ask your questions and get answers and now I can reach more people quickly where there are new tax law changes or something pertaining to your finances I think you might want to know.
Saturday, January 1, 2011
Later Filing of Tax Returns Due to Law Changes
Congress passed new laws regarding taxes (actually renewed some laws that were going to expire) on December 17, 2010 so the IRS is saying that returns that itemize deductions claiming sales taxes, or returns getting the educator's deduction (basically school teachers) or anyone claiming education credits may not be able to file their returns until Mid to Late February because the forms won't be ready before that date. There are options. I am telling my clients to get me their taxes timely like they always do so we can be ready when we can file the returns....and we can possibly file returns without the above deductions then amend the return when the forms are ready.
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