IRS opens for Form 4562 and Form 8863

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The IRS announced on Friday their plans for accepting returns with Form 4562 and Form 8863


Effective Sunday, Feb. 10, 2013, the IRS will start processing Tax Year 2012 returns that contain Form 4562, Depreciation and Amortization. After completing the 9:00 am, Eastern maintenance build window, the various business rules used to reject returns with Form 4562 attached will be disabled. That includes the Form 1040-family tax returns, Form 1065/1065-B, Form 1120-family tax returns and Form 990-family tax returns. 

On Thursday, Feb. 14, 2013, the IRS plans to start processing Tax Year 2012 returns that contain Form 8863, Education Credits.

We will be deploying the following US modules on Sunday, February 10th to enable the ability to create e-files that contain Form 4562

• 1040 v 5
• 1120 v 4
• 1120S v 4
• 1065 v 4

You will be able to create e-files for returns that contain Form 8863 on Thursday, February 14th (Happy Valentines Day).