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The IRS said that it needs until mid- to late-February to reprogram its processing systems because Congress acted so late this year cleaning up the tax code.
The bill, which includes deductions for state and local sales taxes, college tuition and teacher expenses, wasn't signed into law until Dec. 17. The bill ensured that the federal income tax rates would not change, and itemized deductions will continue to be allowed in full for high-income taxpayers.
As a result, the 50 million taxpayers who itemize their deductions will have to hold off for a bit before they file.
http://money.cnn.com/2010/12/31/pf/taxes/irs_filing_delay/index.htm
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It must be a very taxing job.... :P
Congratulations, you now are in the top slot of my Worst Pun of 2011 leaderboard. Early days though! :) Who the heck's organized enough to file that quickly anyway? Show-offs.
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You've got to wonder why Congress would delay so long on something so time sensitive. It's not very considerate of them to leave the IRS having to scramble to make their deadlines now.
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If the deductions apply to you it would be worth the wait, I imagine. Not that I'm a high income taxpayer expecting to benefit from that LOL. Congress could have put that to bed long ago instead of waiting until mid December.
I'd hate to work for the IRS and have to learn about new legislation constantly! It must be a very taxing job.... :P