Tax returns impacted by Fiscal Cliff talks
RICHMOND, Va. (WTVR) — If you are one of the people who like to file your taxes early, you might want to take your time getting it done. The Fiscal Cliff talks have impacted the Internal Revenue Service.
The IRS issued a statement Thursday saying it’s too soon to tell what impact the last minute deal will have on our 2012 tax returns, but they will issue guidance, “soon.”
And if you look at a 2012 10-40 right now, there are are several lines on the form that say “reserved”. The IRS says those are place holders for revisions that may come down from the Fiscal Cliff provisions.
There is also speculation that any refund will also be delayed.