IRS announces when filing season will start

By Sally P. Schreiber, J.D.

The IRS announced that this year’s filing season will begin Jan. 29, a little later than last year’s filing season, which began Jan. 23. The announcement of the start date for tax season comes much later than last season (Jan. 4 versus the beginning of December last time). The Service had announced in November that it was still updating its systems to prepare for the 2018 filing season.

The IRS also explained that individual tax returns are due April 17 this year because April 15 is a Sunday and April 16 is a holiday in the District of Columbia.

Although the IRS will not accept returns until Jan. 29, it noted that many tax software and preparation companies will accept returns earlier and file them when the IRS begins accepting them. It also reminded taxpayers that, by law, it cannot issue refunds related to claims for the earned income tax credit or the additional child tax credit until mid-February.

— Sally P. Schreiber (Sally.Schreiber@aicpa-cima.com) is a JofA senior editor.

SPONSORED REPORT

Why cybercriminals are targeting CPAs

This free report expands on the most commonly found scams, why education and specialized IT knowledge help to lessen security vulnerabilities, and why every firm should plan carefully for how it would respond to a breach.

PODCAST

How tax reform — and Excel — are changing the CPA Exam

Mike Decker, the vice president of examinations at the AICPA, discusses changes being made to the exam as a result of tax reform — and about how Excel will now be available for use on the test.