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Miami Accountant Announces IRS Accepting Tax Forms with Education Credits & Depreciation Next Week

Miami Accountant Announces IRS Accepting Tax Forms with Education Credits & Depreciation Next Week

Gustavo A Viera, CPA a Miami Accountant announced today that taxpayers will be able to start filing two major tax forms next week covering education credits and depreciation.

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.

This step clears the way for almost all taxpayers 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 according to Miami Accountant Viera .

The IRS will be able to accept the education credits and depreciation forms following the completion of reprogramming and testing of its systems.  Work continues on preparing IRS systems to accept the remaining tax forms affected by the American Taxpayer Relief Act (ATRA) enacted by Congress on Jan. 2.

Miami Accountant Firm headed by Viera also announced today that IRS will start accepting the remaining forms affected by the January legislation the first week of March.  A specific date will be announced later. Most of those in this group file more complex tax returns and typically file closer to the deadline or obtain an extension.

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.

For taxpayers using e-file, most Miami Accountant are now accepting tax returns with these two forms and will submit them after the IRS begins accepting them next week.

Miami Accountant discloses full list of the forms that will be accepted the first week of March:

List of IRS forms that 1040 filers can begin filing in March 2013

The following tax forms will be accepted by the IRS during the first week of March after updating forms and completing programming and testing of its processing systems. A specific date will be announced in the near future.

  1. Form 3800 General Business Credit
  2. Form 4136 Credit for Federal Tax Paid on Fuels
  3. Form 5074 Allocation of Individual Income Tax to Guam or the Commonwealth of the Northern Mariana Islands
  4. Form 5471 Information Return of U.S. Persons With Respect to Certain Foreign Corporations
  5. Form 5695 Residential Energy Credits
  6. Form 5735 American Samoa Economic Development Credit
  7. Form 5884 Work Opportunity Credit
  8. Form 6478 Credit for Alcohol Used as Fuel
  9. Form 6765 Credit for Increasing Research Activities
  10. Form 8396 Mortgage Interest Credit
  11. Form 8582 Passive Activity Loss Limitations
  12. Form 8820 Orphan Drug Credit
  13. Form 8834 Qualified Plug-in Electric and Electric Vehicle Credit
  14. Form 8839 Qualified Adoption Expenses
  15. Form 8844 Empowerment Zone and Renewal Community Employment Credit
  16. Form 8845 Indian Employment Credit
  17. Form 8859 District of Columbia First-Time Homebuyer Credit
  18. Form 8864 Biodiesel and Renewable Diesel Fuels Credit
  19. Form 8874 New Markets Credits
  20. Form 8900 Qualified Railroad Track Maintenance Credit
  21. Form 8903 Domestic Production Activities Deduction
  22. Form 8908 Energy Efficient Home Credit
  23. Form 8909 Energy Efficient Appliance Credit
  24. Form 8910 Alternative Motor Vehicle Credit
  25. Form 8911 Alternative Fuel Vehicle Refueling Property Credit
  26. Form 8912 Credit to Holders of Tax Credit Bonds
  27. Form 8923 Mine Rescue Team Training Credit
  28. Form 8932 Credit for Employer Differential Wage Payments
  29. Form 8936 Qualified Plug-in Electric Drive Motor Vehicle Credit

About 

Gustavo A Viera is the managing partner of Gustavo A Viera, PA. His experience spans more than 25 years. He started his career in public accounting at PriceWaterHouseCoopers where reached the level senior audit manager. His Fortune 500 experience includes positions as CFO – Latin America Region for both Hewlett Packard and Telefonica of Spain. Gustavo also writes a blog twice a week that addresses trending accounting and tax issues. He is an SBA Advisor and teaches workshops for aspiring entrepreneurs. His offices are located in Palmetto Bay, Coral Gables and Brickell Avenue in Miami FL, and is admitted to practice in the State of Florida as a licensed Certified Public Accountant. Gus welcomes questions and he can be reached at Gustavo A Viera PA 15715 S Dixie Hwy. Ste 409, Miami Fl. 33157, 2332 Galiano Street, 2nd Floor, Coral Gables, Fl 33134 or 1111 Brickell Avenue11th Floor Miami, FL 33131 Telephone 786-250-4450.

About the Author

Gustavo VieraGustavo A Viera is the managing partner of Gustavo A Viera, PA. His experience spans more than 25 years. He started his career in public accounting at PriceWaterHouseCoopers where reached the level senior audit manager. His Fortune 500 experience includes positions as CFO - Latin America Region for both Hewlett Packard and Telefonica of Spain. Gustavo also writes a blog twice a week that addresses trending accounting and tax issues. He is an SBA Advisor and teaches workshops for aspiring entrepreneurs. His offices are located in Palmetto Bay, Coral Gables and Brickell Avenue in Miami FL, and is admitted to practice in the State of Florida as a licensed Certified Public Accountant. Gus welcomes questions and he can be reached at Gustavo A Viera PA 15715 S Dixie Hwy. Ste 409, Miami Fl. 33157, 2332 Galiano Street, 2nd Floor, Coral Gables, Fl 33134 or 1111 Brickell Avenue11th Floor Miami, FL 33131 Telephone 786-250-4450.View all posts by Gustavo Viera →

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