OUR THOUGHTS ON:

Tax Season Will Open as Planned Following Extenders Legislation

Tax

By Jim Gilboy

The IRS announced that it anticipates opening the 2015 filing season as scheduled in January following the passage of the tax extenders legislation.

The IRS will begin accepting tax returns electronically on January 20, 2015. Paper tax returns will also begin to be processed on January 20, 2015.

The decision follows Congress renewing a number of “extender” provisions of the tax law that expired at the end of 2013. These provisions were renewed by Congress to apply through the end of 2014. The final legislation was signed into law Dec 19, 2014.

“We have reviewed the late tax law changes and determined there was nothing preventing us from continuing our updating and testing of our systems,” IRS Commissioner John Koskinen. “Our employees will continue an aggressive schedule of testing and preparation of our systems during the next month to complete the final stages needed for the 2015 tax season” Koskinen added.

The IRS also reminded taxpayers that filing electronically is the most accurate way to file a tax return and the fastest way to get a refund. There is no advantage to people filing tax returns on paper in early January instead of waiting for e-file to begin.

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This advice is not intended or written to be used for, and it cannot be used for, the purpose of avoiding any federal tax penalties that may be imposed, or for promoting, marketing or recommending to another person, any tax related matter.

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© 2018 Schneider Downs. All rights-reserved. All content on this site is property of Schneider Downs unless otherwise noted and should not be used without written permission.

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