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Lewes, Delaware
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January 18, 2013     Cape Gazette
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January 18, 2013

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cape Qazette BUSINESS & REAL ESTATE eRIDAY, JANUARY 18- MONDAY, JANUARY 21, 2013 47 IRS plans Jan. 30 tax season opening for 1040 fliers Following the January tax law more complex tax returns and changes made by Congress under typically file closer to the April 15 the American Taxpayer Relief Act, deadline or obtain an extension. the Internal Revenue Service an- "We have worked hard to open nounced it plans to open the 2013 tax season as soon as possible," fil g season and begin processing said IRS Acting Commissioner individual income tax returns Steven T. Miller. "This date en- Wednesday, Jan. 30. sures we have the time we need to The IRS will begin accepting tax update and test our processing returns on that date after updating systems." forms and completing program- The IRS will not process paper ming and testing of its processing tax returns before the anticipated systems. This will reflect the bulk Jan. 30 opening date. There is no of the late tax law changes enacted advantage to fding on paper be- Jan. 2. The announcement means fore the opening date; and taxpay- that the vast majority of tax fders - ers will receive their tax refunds more than 120 million households much faster by using e-fde with di- - should be able to start filing tax rect deposit. returns as of Jan30. "The best option for taxpayers The IRS estimates that remain- is to file electronically," Miller ing households willbe able to start said. filing in late February or into The opening of the filing season March because of the need for follows passage by Congress of an more extensive form and process- extensive set of tax changes in ing systems changes. This group ATRA on ]an. 1, with many affect- includes people claiming residen- ing tax returns for 2012. While the tial energy credits, depreciation of IRS worked to anticipate the late property or general bus'mess cred- tax law changes as much as possi- its. Most of those in this group file ble, the final law required that the IRS update forms and instructions as well as make critical processing system adjustments before it can begin accepting tax returns. The IRS originally planned to open electronic fding this year on ]an. 22; more than 80 percent of taxpayers fried electronically last year. The IRS anticipates the ma- jority of taxpayers can tile starting Jan. 30, regardless of whether they fde electronically or on paper. The IRS will be able to accept tax re- turns affected by the late Altema- five Minimum Tax patch as well as the three major extender provi- sions for people claiming the state and local sales tax deduction, high- er education tuition and fees de- duction and educator expenses de- duction. There are several forms affected by the late legislation that require more extensive programming and testing of IRS systems. The IRS hopes to begin accepting tax re- tunas including these tax forms be- tween late February and into March; a spec'tfic date will be an- nounced in the near future. The key forms that require more extensive programming changes include Form 5695 (Residential En- ergy Credits), Form 4562 (Depreci- ation and Amortization) and Form 3800 (General Business Credit). A full listing of the forms that won't be accepted until later is available on As part of this effort, the IRS will be working closely with the tax software industry and tax profes- sional community to minimize de- lays and ensure as smooth a tax season as possible under the cir- cumstances. Updated information will be posted on ww NEWBOLD FAMILY LEADS BIKE DONATION FOR TOYS FOR TOTS NOW PROVIDING OUTSTANDING SERVICE IN SUSSEX COUNTY SUBMITTED PHOTO CONTRIBUTING TO THE TOYS FOR TOTS bike drive at Apple Electric, Margo Newbold along withher son Christian, family and friends delivered 17 beautiful new bicycles for needy children in the Cape Region. Shown enjoying the Christmas spirit are Christian Newb01d, his friend Nicky DeBarr and Nicky's Poppy, Steve Brinck. The donation was made in memory of Margo's beloved husband, Ray Newbold. The Marine Corps operates Toys for Tots as- sisting needy local children and the families of service members serving abroad. Andrew Bryan Cell: 302-242-4328 Kimberley Bryan Cell: 302-270-3321 Craig Killen Cell: 302-632-7833 Connie Stanley Cell: 302-242-0329 SVN-Miller Continued from page 45 The goal is to assist members in being more productive in serving their clients' and cus- tomers' commercial real estate needs. Sperry Van Ness-Miller Com- mercial Real Estate, with Mary- land offices in Salisbury, An- napolis, Bethesda and Hager- stown, and Delaware offices in Wilmington, Lewes and Seaford, provides advisory, brokerage, consultation and leasing services to clients in Maryland and Delaware, and asset and proper- ty management in Maryland, Delaware and Vh'ginia. SVN-Miller is an accredited management organization. Its team includes a highly trained staff of certified property man- agers, brokers who hold the prestigious Certified Commercial Investment Member des- ignation, and members of the Society of John McClellan Industrial and Office Real- tors. For information on how to make Sperry Van Ness-Miller Commercial Real Estate the key to success, call 410-543-2440 or go to REAIIY AFFORDABLE BEACH LIVING Do not miss this townhome n move-in condition! Home features an open floorpian, gas fireplace, sunroom ano community pool. 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View a virtual tour at R-7360 $350,000 HOME MORTGAGt Ed Gansor Home Mortgage Consultant Office: 302-226-4064, Cell: 410-375-3795, NMLSR ID 451128 Wells Fargo Home Mortgage is a division of Wells Fargo Bank N.A, 2012 Wells Fargo Bank, N.A. All rights reserved. NMLSR ID 399801. AS967745 tl/12 - 11/13 "MAKING YOU FEEL AT HOME"