The Internal Revenue Service has reversed course on its prohibition against stockpiling tax returns before transmitting, and said Friday that because of the late tax law changes, the stockpiling rule does not apply.

In an email to tax professionals, the IRS noted that due to the recent tax law changes in the American Taxpayer Relief Act, tax season was delayed until January 30 (see IRS Delays Tax Season until End of January). In addition, a list of about 30 tax forms will not be accepted, either electronically or on paper, until even later in tax season, perhaps not until late February or March, including Form 5695 (Residential Energy Credits), Form 4562 (Depreciation and Amortization) and Form 3800 (General Business Credit).

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