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IRS to Begin Accepting Returns Soon

The IRS plans to begin accepting individual tax returns on January 30th, 2013. This will reflect the majority of tax changes that were signed on January 2nd. The taxpayers that require more extensive forms in order to file will be able to do so in late February or early March. The main items that will not be ready on January 30th are residential energy credits, depreciation and amortization, and general business credits.

Please consult your personal tax advisor on all the above information.

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