IRS Announces that the 2014 Tax Filing Season Will Start Later due to Government Shutdown
The IRS announced on October 22nd that the start of the 2014 tax filing season would be delayed by one to two weeks as a result of the 16 day federal government shutdown. Originally the start of the filing season had been planned for January 21st, 2014, but now the IRS plans to begin accepting returns between January 28th and February 4th, 2014. The shutdown occurred at a time when the IRS is busy testing its systems and software for the upcoming filing season, leaving the agency little choice but to delay the acceptance of efiled returns. The link below will take you to more information about the delay.
For those who count on a tax refund early in the year the delay will be a major hardship, but all is not lost. Returns can be prepared prior to the opening date of the filing season, and as soon as the IRS begins accepting returns they can be filed. If you have questions about tax planning of any kind contact us today.