For most taxpayers, the 2011 tax filing season began in January as usual.  However, tax law changes enacted by Congress and signed by President Obama in late December meant that some people would have to wait until mid- to late February to file their tax returns in order to give the IRS time to reprogram its processing systems.

Taxpayers including itemized deductions on Form 1040 Schedule A have had to wait to file their returns this year.  This also included taxpayers impacted by any of three tax provisions that expired at the end of 2009 and were renewed by the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act Of 2010 enacted Dec. 17. Those who need to wait to file include:

  • Taxpayers Claiming Itemized Deductions on Schedule A. Itemized deductions include mortgage interest, charitable deductions, medical and dental expenses as well as state and local taxes.
  • Taxpayers Claiming the Higher Education Tuition and Fees Deduction.
  • Taxpayers Claiming the Educator Expense Deduction.

The IRS announced that February 14, 2011 will be the date that they start processing returns impacted by the recent tax law changes. Which basically means that yours truly will be chained to my desk efiling returns – maybe my hubby will bring a romantic dinner to the office?  Here’s for hoping!  LOL! 🙂 Happy Valentine’s Day guys have fun for me!

Don’t forget to schedule your appointments today!!

Smooches,

Buffie the Tax Heiress