The IRS has started processing Forms 4562 Depreciation and Amortization, and Form 8863 Education Credits slightly ahead of the previously advised late February time frame.

Form 4562 is being accepted now and Form 8863 from February 14.

Other forms, for which a delay in filing was created by the late enactment of the American Taxpayer Relief Act in January, will be accepted by the IRS from the first week of March.

The list is on an earlier blog entry this year.

On the list which is of relevance particularly to US citizens and residents with foreign (NZ) companies is Form 5471 Information Return of U.S. Persons With Respect to Certain Foreign Corporations.

Form 5471s filed prior to March will probably be rejected by the IRS. There are delays being encountered currently with many areas of the IRS and so it may be some time before taxpayers are notified of a rejection – something to be mindful of.