IRS to Start Processing Tax Returns Soon
The Internal Revenue Service will begin processing almost all tax returns at the end of the month.
There was concern over a possible delay because of the new fiscal cliff legislation that congress passed on New Year's Day and possible new tax provisions.
Now the agency says it will begin processing the vas majority of tax returns on January 30th just over a week later then planned.
Certain taxpayers, including those claiming residential energy credits, depreciation of property or general business credits will have to wait until late February or March to file.
Two years ago, it took until mid-December for president Obama and lawmakers to reach an agreement on many of the same issues which affected some nine million Americans' tax returns.
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