Skip to main content

IRS to accept Education Credits 02/14/2013

The IRS Announced that they plan to start accepting tax returns with Education Credits Form 8863, as well as Depreciation and Amortization Form 4562.
 
Both Forms were delayed by the IRS for filing last month due to issues with reprogramming and testing of their systems.
 
On Sunday, February 10, 2013 the IRS will start processing tax returns that contain Form 4562, Depreciation and Amortization. Beginning on Thursday February 14, 2013 the IRS plans to start processing Form 8863, Education Credits
  • Form 8863, Education Credits. Form 8863 is used to claim two higher education credits -- the American Opportunity Tax Credit and the Lifetime Learning Credit.
  • Form 4562, Depreciation and Amortization. Most of the people using the depreciation form tend to file later in the tax season or obtain a six-month extension. Non-1040 business filers using Form 4562 can also file starting Sunday.
 

Comments

Post a Comment

Popular posts from this blog

Financial Tip of the Week

Today's Financial Tip of the Week ....is about your Credit Report. Your Credit Report is very important and knowing what is on your report is something that many of us do not check on a regular basis. So here is a completely free website that allows you to view your Trans Union Credit Report and the SCORE! Most companies charge a fee to receive your actual score but not Credit Karma . The website link is www.creditkarma.com I hope that you will view your report and make sure that all the agencies reporting are accurate. If you need to file a dispute or have further questions, feel free to contact me at plsassociate@gmail.com
1 comment
Read more

Morning Inspiration!

If there's a will there is a way! If doors are not opening for you sometimes we have to build our own. Live your life and dream big anything is possible with just a little effort! :) Patrice L Stewart "The Tax Daughter" www.patricelstewart.com
Post a Comment
Read more
Choosing the Correct Filing Status It’s important to use the right filing status when you file your tax return. The status you choose can affect the amount of tax you owe for the year. It may even determine if you must file a tax return. Keep in mind that your marital status on Dec. 31 is your status for the whole year. Sometimes more than one filing status may apply to you. If that happens, choose the one that allows you to pay the least amount of tax. 1. Single. This status  normally applies if you aren’t married. It applies if you are divorced or legally separated under state law. 2. Married Filing Jointly. If you’re married, you and your spouse can file a joint tax return. If your spouse died in 2015, you can often file a joint return for that year. 3. Married Filing Separately. A married couple can choose to file two separate tax returns. This may benefit you if it results in less tax owed than if you file a joint tax return. You may want to prepare your taxes both w...
Post a Comment
Read more