TAX SEASON TO BEGIN IN JANUARY 2016

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Posted by Kim Chen on January 11th, 2016

Tax Season to Begin in January, Says IRS: Despite the last minute, year-end tax extender legislation signed into law on 12/18/15 which retroactively extended 50 or so “extender” provisions, modifying or making many permanent (or both) and added a number of non-extender provisions□the IRS announced that it still plans to open the 2016 filing season as scheduled in January. According to its recent News Release, the IRS will begin accepting tax returns filed electronically on 1/19/16. Paper tax returns will begin processing at the same time. The IRS also reminds taxpayers that filing electronically is the most accurate way to file tax returns and get a refund. IR 2015-139.