IRS Will Begin Accepting Tax Returns with Education Credits on February 14

The IRS has announced that taxpayers will be able to start filing two major tax forms during the week of February 10, 2013, covering education credits and depreciation. The processing of tax returns that include Form 4562, Depreciation and Amortization, will start on Sunday, February 10. On Thursday, February 14, the IRS plans to begin processing Form 8863, Education Credits. These forms are filed by the largest group of taxpayers who were unable to file following the opening of the 2013 tax season. The IRS also announced that it will start accepting the remaining forms affected by the new tax legislation during the first week of March.