"rich - relax..... w-2 forms dont go out until next week for most americans . not to mention 1099s that dont go out till after 2/1 !"
Good morning cptave....actually many W2's are already out for many employers and their employees. ADP does W2's for 2 companies that I own, and I received mine electronically on Tuesday January 17th, or the first day the IRS excepted electronic filings.
This is why we've been seing commercials on TV, Radio and print from the likes of Jackson Hewitt, H&R Block, Liberty Tax etc. so early. I even saw an add for TaxAct, an Advent partner last night, and my CPA with KPMG in Norfolk, Va. uses TaxAct to prepare his clients returns.
Bottomline, Advent and tax preparers around the Nation are already OFF TO THE RACES.
And as far as 1099's are concerned, that has very little to do with the typical American who may be receiving an electronic deposit/refund from the IRS. I happen to be in that business, and just thought I'd share.