This afternoon, the IRS announced plans for a February 14, 2011 start date to process tax returns that were delayed as a result of the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010. The IRS will begin the processing of both paper and e-filed returns that contain itemized deductions on Schedule A, tuition and fees deduction on Form 8917, and the educator expenses deduction.
I am telling my clients that Congress waited until the 11th hour to pass tax laws and programming just can't happen that quickly so the filing will be delayed. Meanwhile, I am doing the returns and sending them to LaCerte to file whenever they can.
We just tell them like it is: “Due to a late tax law changes the IRS is not ready to accept certain returns before second part of February. Your return will be e-filed as soon as the IRS is ready to process them.”
We have received this notice from our software company: “The IRS asks that you do not file these returns until the prescribed start date (yet to be determined). Stockpiling rules do not apply to these returns.”