Updated Information on Filing Tax Returns

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Just a reminder that the IRS began processing the 2012 individual income tax returns on January 30. The majority of individual filers should be able to begin filing their returns. Some individuals and a majority of businesses may have to wait until the end of February or March to file their returns. Several forms, including Form 4562, which reports depreciation and amortization, require more programming changes, and the IRS says it will take longer to get their systems ready for those returns. We’ll keep you updated as to when the IRS releases the date it will begin to accept the remaining returns.