Press Information
For Immediate Release
March 05, 2013 |
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CONTACT: Martha O’Gorman
Chief Marketing Officer
(800) 790-3863 ext. 8022
martha@libtax.com
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IRS is Now Processing Tax Returns with Form 8863
IRS works through the
weekend to update systems
(Virginia
Beach, VA) March 5, 2013 – Liberty Tax Service is now filing all remaining
individual and business 2012 federal income tax returns. The Internal Revenue
Service announced that it has finished updating, reprogramming and testing its
tax-processing systems over the weekend and can accept all returns.
The American
Taxpayer Relief Act, enacted by Congress in January, created the need for
critical adjustments to the IRS systems. In order to accommodate Congress’
last-minute maneuver, the IRS had to accept 2012 returns in stages as it
updated various forms and instructions. The first stage – and the largest group
– could file at the end of January. The second stage could file in the middle
of February, leaving the remaining taxpayers left to wait. For those claiming
residential energy credits and other business tax credits and deductions, the
wait is now over.
“The IRS is
still advising taxpayers that the best way to file an accurate return is to
e-file. If taxpayers need more time to finish their returns, Liberty Tax can
easily get a six-month tax-filing extension by filing Form 4868 for them,” says
Martha O’Gorman, Chief Marketing Officer for Liberty Tax Service.
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About Liberty
Tax Service
Founded in
1997 by CEO John T. Hewitt, Liberty Tax Service is the fastest-growing tax
preparation franchise ever. Liberty Tax Service has prepared over 10 million
individual income tax returns to date. Liberty Tax Service and its nationwide
network of over 30,000 tax preparers are ready to offer their assistance at any
time.According to
the International Franchise Association’s Franchise
Business Economic Outlook, the number of franchise units in the
United States declined from 2009 until 2012. Currently there are
approximately 27,000 fewer total franchise establishments operating in the
United States than there were in 2008. (774,016 in 2008 compared to 746,828 in
2012). In spite of this downward trend, Liberty Tax Service increased its
number of locations from 2,695 in 2008 to 4,183 in 2012.
Liberty Tax
Service stands behinds community enrichment efforts by sponsoring various
non-profit organizations and urging their employees and franchisees to give
back to their communities. To extend that community support, Liberty also
offers an online tax service, eSmart Tax, which enables some to do their own
taxes wherever there’s a computer. eSmart Tax is backed by the tax
professionals at Liberty Tax Service and its nationwide network of over 30,000 tax
preparers, ready to offer their assistance at any time.
For a more
in-depth look at Liberty Tax Service, visit http://libertytax.com
or the Give
Me Liberty! Magazine. Follow Liberty Tax on Facebook at http://facebook.com/LibertyTax
and on Twitter at http://twitter.com/libertytax
or check the blog at http://libertytax.com/taxlounge
or contact Liberty Tax directly at 1-877-at-Liberty.
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