Subject: RE: If new rules from the "fiscal cliff fiasco" didn't go into affect until 1 Jan...If nothing happened the AMT threshold would have reverted back to the 2000 level. They couldn't just assume that was going to happen. They also couldn't assume that it was going to go up, even if they did assume that, what was it going to go up to?
In doing more research there seems to be about a dozen things for the 2012 returns, education and other credits mostly. I agree, it seems like it should just be a simple plug in the number thing and we are all set to go. I think the IRS is giving themselves a little wiggle room here and we will see them begin accepting returns on the 22 as originally planned.
Like I said earlier in 2011, they pushed that date back to 2/14, we shall see. In 2011, they had a backlog of around 9 million returns when they started accepting them 2/14.
Edited to correct conflicting dates. Edited by Its Only Money 2013-01-03 12:58 PM
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