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Just in Time: 2016 Tax Season Won’t be Postponed

Today, the IRS issued a press release stating that the combination of tax extenders legislation, agency preparation, and help from tax professionals ensured that they will be able to begin tax season on time in 2016. That means they will start accepting e-filed returns on January 19, 2016, though some tax preparers will accept client information earlier in January so they can file as soon as the IRS opens the floodgates.

When speaking of e-filing and direct deposit services more broadly, the IRS reiterated that these tools “remain the fastest and safest way to file an accurate income tax return and receive a refund,” despite growing concerns surrounding SSN-related identity theft. They also urged taxpayers have their year-end statements, Forms W-2, Forms 1099, and Forms 1095-A on hand before filing.

To read the full article and see other information pertaining to the start of tax season, click here.

Source: Internal Revenue Service

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