The Internal Revenue Service (IRS) has announced that it has finished updating its processing systems and is now accepting all 2012 tax returns.

This includes returns that contain the 29 forms that were delayed by the late passage of the American Taxpayer Relief Act of 2012.

The IRS could not accept these forms when tax season opened, because the forms needed extensive form and processing systems changes to reflect changes made by the American Taxpayer Relief Act.

Click here to view the complete JournalofAccountancy.com article.

Contact an MCB Tax Advisor at 703.218.3600 and start building a relationship with a CPA firm that will serve as your trusted advisor.

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