Thursday, January 31, 2013

It's off to the Races

Q.  I recently heard that I should be able to efile my tax return, actually as of yesterday. Should it go through? I really need my refund!

A.  With many delays in passage of tax laws, and further delays with the IRS new efiling system, the IRS is currently set up for the simplest of returns. If you are filing with only W-2 forms, the IRS should be able to accept your return. If however you have some credits and or business forms, such as depreciation, you will not be able to file until late February or possibly sometime in March.  It's going to be an interesting filing season. Good luck!

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