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January Tax Return Preparation (Fiscal Cliff) Update

Hoping for a early refund??? Think twice.Congressional dithering over a fiscal cliff fix could force the Internal Revenue Service to delay the start of the filing season. So those expecting to file their returns in mid-January, when the agency usually begins accepting them, may have to wait several weeks.                                     
 
If Congress doesn't approve a patch for the alternative minimum tax in the next few days, then up to 100 million taxpayers will not be able to file their returns -- or collect refunds, if owed -- until late March.The sooner Congress resolves their differences and comes to a agreement on the fiscal cliff crisis the better for all Americans.If Congress comes to a agreement soon tax filing season will start on time.If this drags on into January,the start of tax filing season will be delayed.

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