IRS: Two-thirds of returns could face delay without 'cliff' deal

[babylonsister]

IRS: Two-thirds of returns could face delay without 'cliff' deal
By Bernie Becker - 12/19/12 05:04 PM ET


Perhaps two-thirds of tax returns could be delayed next year unless Washington reaches a “fiscal cliff” deal, the IRS told congressional tax writers on Wednesday.

Steven Miller, the acting IRS commissioner, told the lawmakers that 80 million to 100 million returns would not be filed on time in 2013 if lawmakers fail to pass legislation ensuring that the Alternative Minimum Tax does not expand to more middle-class families.

That’s because, Miller said, the tax-collecting agency has assumed that Congress would act, and would need to make “significant programming changes” if it does not.

“Given the magnitude and complexity of the changes needed, I want to reiterate that most taxpayers may not be able to file their 2012 tax returns until late in March of 2013, or even later,” Miller wrote to the top Republican and Democrat on both the Senate Finance and House Ways and Means committees.

Miller had previously estimated that 60 million returns — out of around 150 million overall — would be delayed if lawmakers didn’t enact an AMT patch.

more...

http://thehill.com/blogs/on-the-money/domestic-taxes/273845-irs-two-thirds-of-returns-could-face-delay-without-cliff-deal

[RegieRocker]

1. This makes no sense

Only income made in 2013 will be affected.