The Internal Revenue Service announced Friday that taxpayers will be able to start filing two major tax forms next week covering education credits and depreciation.
According to an IRS news release, starting Sunday, Feb. 10, “the IRS will start processing tax returns that contain Form 4562, Depreciation and Amortization. And on Thursday, Feb. 14, the IRS plans to start processing Form 8863, Education Credits.”
That means “almost all taxpayers” will be able to start filing their tax returns for 2012.
These forms affected the largest groups of taxpayers who weren’t able to file following the Jan. 30 opening of the 2013 tax season.
The IRS says it will be able to accept the education credits and depreciation forms following the” completion of reprogramming and testing of its systems.”
The agency is still preparing IRS systems to accept the “remaining tax forms” affected by the American Taxpayer Relief Act (ATRA) enacted by Congress on Jan. 2.
A full list of the forms that will be accepted the first week of March is available on IRS.gov.
Next week’s opening covers two groups of taxpayers using:
• Form 8863, Education Credits. Form 8863 is used to claim two higher education credits -- the American Opportunity Tax Credit and the Lifetime Learning Credit.
• Form 4562, Depreciation and Amortization. Most of the people using the depreciation form tend to file later in the tax season or obtain a six-month extension.
Non-1040 business filers using Form 4562 can also file starting Sunday.