March 3, 2013 11:48 am

IRS Starts to Accept all Delayed Returns

Income tax returns for 2012 that included any of 29 forms and schedules (www.irs.gov/uac/Newsroom/List-of-IRS-forms-that-1040-filers-can-begin-filing-in-late-February-or-into-March-2013) impacted by the “fiscal cliff” legislation were not able to be filed until now. The IRS announced that as of March 3 it is accepting returns with any of these forms or schedules.

advertisement
Tax Glossary

Assignment

The legal transfer of property, rights, or interest to another person called an assignee. You cannot avoid tax on income by assigning the income to another person.

More terms