Most of the impact from the fiscal cliff negotiations
will been felt when you file your tax returns next year. But experts say this
year it could also delay your return
Jonathon Wendorf
works as a CPA in Wausau. He says the IRS had to make adjustments because of
the tax law changes.
"With
the uncertainty and the timing of when all these changes were made, the IRS now
has to scramble to get forms updated," said Wendorf"
Because of
that the IRS says it will begin processing returns on January 30th. That's more than a week later than was originally planned.
But despite the late start, the IRS is not pushing back the tax deadline.
That means
tax experts like Wendorf will have less time to get everything done.
"Our
busy season will be more compact," said Wendorf
"We'll have to
get more done in less time."
Because of
the smaller timeframe, the IRS is asking people to file their returns on the
Internet instead of mailing them in"
The Wisconsin
Department of Revenue says state e-file tax returns will also be processed on
January 30th.