Thursday, January 13, 2011

Are you filing a 1040 with Schedule A? You may want to delay filing 'til Feb.


The 2010 Tax Relief Act passed later in the year had caught the IRS of guard and they need time to reprogram its computers for the new changes.  This does not apply to all taxpayers.  Some taxpayers planning to file their 2010 tax returns early have been advised by the IRS to wait until mid- to late-February, 2011.

Who are affected? Affected taxpayers are those planning to file Schedule A or claim above-the-line deductions for higher-education tuition and fees or educator expenses.




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