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The Internal revenue Service (IRS) on Friday, 9th of January 2013 announced that tax filing will be open on January 30, 2013, pushing it eight days later than the originally set date. This literally means that the IRS will not process any tax paper returns before the tax season opens on the 30th.
The delay in the finalization of the fiscal cliff budget caused the IRS to reprogram its systems and make changes in forms to reflect the updates. The time needed in updating forms, completing programs and testing the processing systems compelled the tax collection agency to push forward the date. The agency also announced that more than 120 million households should be able to file their tax returns on the 30th http://www.easyincometaxfilingonline.com/.
The IRS acting Commissioner Steven T. Miller said "We have worked hard to open tax season as soon as possible, this date ensures we have the time we need to update and test our processing systems."
The IRS will be open to accept and process tax returns from people affected by the late Alternative Minimum Tax (AMT) including people claiming higher education tuition and fees deduction, state and local sales tax deduction and educator expenses deduction irrespective of whether they are filed on paper or electronically by the end of the month. While there will be no advantage for people who file their tax return on paper early, tax refunds will be quicker for people that file taxes online.
"The best option for taxpayers is to file electronically," he added.
Majority of taxpayers who will be filing their tax returns and would like to ensure that there are no further delays in getting their tax refund can consider using Turbotax 2013. Turbotax assures an easy, accurate and hassle free tax return. It is also up to date and in tune with the January tax law changes and will hold and securely submit their tax return to the IRS on a first-in, first-out basis.
To get a chance to file tax returns for free on Turbotax 2013 and also qualify for a $20 discount, taxpayers can visit http://www.easyincometaxfilingonline.com/