TUPELO, Miss. (WTVA) -- The most common tax form most Mississippians use to file is the standard 1040.
In fact, you might have already filled yours out.
If you haven't, you can stop and rest for a few days.
After all, it'll be Jan. 30 before the vast majority of Americans will even be allowed to file their taxes.
"It included some changes, a number of changes, that retroactively affected 2012," Tupelo CPA Harold Hodges said. "And as a result of that, the IRS -- although anticipating some changes -- has had to go back and reprogram some of the forms and instructions for filing 2012 returns."
The 1040 form is already available on the IRS website, but several others have not been revised and many could affect small business owners.
Two forms in particular -- Form 4562 (Depreciation and Amortization) and Form 3800 (General Business Credit) -- will be revised and updated by the IRS because of new tax code changes passed Jan. 2, 2013. Because of that, the IRS says it could be March for some before the forms are ready to be filled out.
"It does affect thousands of taxpayers: those who have rental properties, people who are self-employed or have their own businesses [or] anybody who utilizes any kind of depreciation right off in their return. [They will] be delayed," Hodges said.
That translates into clients of Hodges who aren't that pleased with Washington's actions.
"These are things that could have been done much earlier in the fall, allowing the IRS to make the changes necessary to prevent these delays," Hodges said. "I don't think anybody's happy over that situation."
And until all of the forms have been revised, it's something that will cost taxpayers even more time before they get a little something back.
And if you're wondering if your state tax filing deadlines are affected, you'd be correct. Hodges says at this point, no forms have been approved for Mississippi, meaning no one in the Magnolia State can file for that yet.
