While the tax filing season opens on January 30 for most individuals, those who claim either the American opportunity tax credit or the lifetime learning credit on 2012 returns can expect the IRS to begin processing them by mid-February. The IRS needed to update its systems to process Form 8863, Education Credits. The delay does not impact the processing of returns claiming other tax breaks, such as the tuition deduction (use Form 8917, Tuition and Fees Deduction, for this write- off).
Source: IR-2013-10
A business or income-producing asset with a useful life exceeding one year.