IRS still updating some key 2012 tax forms

Real Estate Tax Talk

Some people feared that because the fiscal cliff debacle resulted in many year-end changes to the tax laws, the IRS would have to delay the start of the tax filing season this year in order to update its tax forms and processing systems. There is good news and bad news on this front.

First, the good news is that the IRS has acted quickly and has completed the updating of most of its most popular forms. This means that the vast majority of tax filers — more than 120 million households — should be able to start filing tax returns starting Jan. 30.