Wednesday, November 6, 2013

IRS to Delay Start of Tax Season


The Internal Revenue Service has announced that the beginning of tax season could be delayed by up to two weeks, due to the government shutdown. Accounting Today notes that the "16-day government shutdown came during the peak period for preparing IRS systems for the upcoming tax season, which involves programming, testing and deployment of more than 50 systems" (Accounting Today). Considering that the government shutdown closed about 90% of the Internal Revenue Service's operations for 16 days, the delay is not a surprise. The Internal Revenue Service will announce the official start of the preparation for the upcoming tax season in December. This delay will not affect when tax returns are due. Taxpayers will still be required to file their returns by April 15th, and companies will still be required to send W-2 and other tax forms by January 31st.

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