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Valentine's Day gift for students from the IRS?
Wednesday, February 13, 2013

The Internal Revenue Service announced that taxpayers will be able to start filing two major tax forms covering education credits and depreciation.

Last Sunday the IRS started processing tax returns that contain Form 4562, Depreciation and Amortization. And on Thursday, Feb. 14, the IRS plans to give students a Valentine's Day gift, if you will, and start processing Form 8863, Education Credits (the American Opportunity Tax Credit and the Lifetime Learning Credit).

This step clears the way for almost everybody to start filing their tax returns for 2012. These forms affected the largest groups of taxpayers who weren't able to file following the Jan. 30 opening of the 2013 tax season.
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