IRS opens the door to accept all 2012 tax returns

The IRS has officially announced that they will begin accepting all current year tax returns.

Forty days after the 2012 tax filing season was slated to begin, the IRS announced on March 4 they have finished updating tax-processing systems that had delayed the handling of certain forms.

All individual and business taxpayers may now electronically file their 2012 federal income tax returns.

Originally set to begin Jan. 22, the IRS pushed the start date of the current filing season back to Jan. 30. Even then, taxpayers looking to file certain credits were forced to wait as the IRS worked diligently to reprogram their processing systems.

Over the past weekend, the IRS completed reprogramming and testing of its systems in order to allow for the processing of certain forms that were delayed by the year-end passing of the American Taxpayer Relief Act.

Despite the late start, the due date for 2012 tax returns remains the same – All returns must be filed or postmarked no later than Monday April 15.

With just six weeks to go before the deadline, the IRS stresses e-filing as the most expeditious and accurate way to prepare and submit tax returns.

Taxpayers who need more time to file can request an automatic six-month filing extension by going to the Free File link on IRS.gov, or by filing Form 4868.

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