Observations and insights from a Midwestern Small Business Tax Accountant. Tax Season tips from one of the largest tax preparation firms in Springfield, Illinois.
Tuesday, January 29, 2013
Form 8863 Education Credits Delayed
IRS announced on Monday, January 28th that they will NOT be processing Form 8863 Education Credits beginning on January 30th.
Instead, it becomes one of the forms that is being delayed until late
February or early March. This is a fairly common form that will impact
many taxpayers. We have already processed some returns with this form. We anticipate these taxes to be rejected and held until the IRS approoves e-filing the return.
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