IRS To Accept 2012 Returns Claiming Education Credits by Mid-February 2013

Taxpayers using the Education credit tax form 8863 can now file their returns as the IRS has made all necessary updates to its processing system.
By: Easy Tax Filing
 
Feb. 26, 2013 - PRLog -- After testing its processing systems, the IRS on the 28th of January, 2013 announced that it needed more time to make programming modifications to its systems in order to accurately process the education credits tax form 8863. A later date in mid February was then proposed. Filers claiming other education related tax benefits like the tuition fees deduction and the student loan interest deduction were not affected by this shift in date and were able to file their returns as soon as tax season opened on the 30th of January.

Finally, the wait is over for filers using the education credit tax form 8863, as the tax house is now satisfied with its system and is now accepting and processing returns from them. The tax form 8863 is used to claim two higher education credits which are the American Opportunity Tax Credit and the Lifetime Learning Credit. Filers who are otherwise able to file but use the form 8863 can now file their returns online at http://www.easyincometaxfilingonline.com/ now.

Taxpayers that use the education credits tax form can be assured that there will be no refund delays as a result of programming errors by the IRS. So, to ensure that there are no refund delays as a result of filing errors on their parts, filers are best advised to file their returns online using a tax software that is in tune with all the tax law changes and modifications.

TurboTax 2013 will help taxpayers easily prepare and file their taxes online. The program is far more affordable than consulting a CPA and is in tune with all the tax law changes. With TurboTax 2013, taxpayers are assured of paying the lowest amount of tax possible while receiving the highest refund imaginable. For more information about the education credit tax form 8863 and how to file with TurboTax please visit http://www.easyincometaxfilingonline.com/

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Source:Easy Tax Filing
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Tags:Tax Returns, Tax Refunds, Turbo Tax 2013, Education Credits, Depreciation And Amortization
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