Farmers, college students expect more tax filing delays
SIOUX CITY, Iowa (KTIV) -
If you're in college, own land, or made steps to go green in the past year, your income tax return will be delayed.
Because of the fiscal cliff negotiations the federal government postponed accepting returns until the end of January. However, there are plenty of people still experiencing a delay.
"The IRS because so late getting set-up they're not accepting returns like they should be. Some returns we can't even e-file yet because of delays in the form process, so it's created a little havoc there because people don't know when their refunds are coming, because they won't give us a schedule," said Bob Scott, accountant and owner of R.E. Scott Company in Sioux City.
The lifetime learning credit, the depreciation credit, and energy credit are not being accepted at the moment. The IRS says education credits can be filed starting February 14th.
Scott says the rest of the credits will be accepted between the end of February and the middle of March. Because the depreciation credit affects a lot of land owners, Scott suspects the deadline for farmers will move from March 1st to April 15th.
The deadline for the rest of us is still April 15th.
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