Just like last year (and the year before) there will be
delays to the start of the tax filing season again this year. The delay will
apply to 2013 tax returns filed in 2014. This year, the delay is due to the 16
day government shutdown.
The IRS just announced that the 2014 Tax Season will Start
Later following the government closure. The IRS closed about 90% of their
operations during the government shutdown, which is also peak season for the
IRS to update, program and test their processing systems.
The
beginning of tax filing season will be delayed approximately one to two weeks. The tax filing season was supposed to begin on January 21, 2014 . The IRS stated that the delay will likely mean that
they’ll start accepting tax returns sometime between January 28, 2014 and February 4, 2014 .
Another shutdown, obviously, will likely mean longer tax
return delays for 2014.
Even if there is a delay to the start of tax season, the tax
deadline will still be April 15, 2014 .
You can still request a tax extension.
You will get your tax refund quicker by e-filing, even with
the delay. The IRS won’t process paper forms before the start date either.
At this point it is unclear if the refund timeline will be
impacted beyond just the late start to the filing season. Normally, filers can expect
their refunds in 21 days. Last year the tax filing delay started a ripple
effect that caused a tax refund delay in 2013. We might be looking at the same
thing again this year.
info@seruwagecpas.com
301-613-5165
Iddi Sandaly, CPA ,
CGMA
Seruwage Consulting and CPAs
www.seruwagecpas.com
Seruwage Consulting and CPAs
www.seruwagecpas.com
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