Currently the following tax season is highly uncertain, on account of Washington’s wherewithal to resolve the fiscal cliff debate. A Few Things I can inform you could be that the tax season is still scheduled to start out on January 22, 2013. If you have a small business you can easily file your returns in early January.
The large thing impacting individuals is the Alternative Minimum Tax patch, and when Congress doesn’t agree on an area we’re going to revert on the pre-Bush era amount, that could potentially affect over 30 million taxpayers. There is certainly talk that when we go over the cliff the tax season will still begin on January 22 but some taxpayers may not be able to file their taxation assessments until the end of February or mid March. However, regardless of how late the summer season starts, the internal revenue service won’t test their boundaries the April 15 final filing date.
I am going to help you stay updated as more information receives. I look ahead to seeing you during tax season! Happy Year!
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