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On December 26, 2006, the IRS sent out the following QuickAlert: Extenders Legislation
"The IRS issued a news release IR-2006-195 on December 22, 2006, announcing new guidance to help tax filers in 2007 claim the extended deductions and other tax advantages in the Tax Relief and Health Care Act of 2006 signed into law on December 20. The news release is available on IRS.gov.
The start of the 2007 e-filing season will begin as planned on January 12. However, the recent changes in the law mean the IRS will be unable to process a small percentage of individual tax returns until early February, primarily involving three tax deductions - the state and local sales tax, higher education tuition and fees, and educator expenses.
The IRS e-file specifications containing the legislative changes will be made available to software developers and transmitters in early January.
More details will be shared as they become available regarding the date IRS will accept 1040 returns claiming the deductions described above.
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This has been an IRS e-file QuickAlert"
Additional Information
Last updated: 12/28/2006