Thursday, December 19, 2013

2014 Income Tax Filing Season

In case you missed it, and the announcement is in news all over the place, the IRS will be open for business for 2013 tax returns on Friday, January 31, 2014. At this time there is no indication of further delays for certain forms. (In 2013, for 2012 tax returns, certain forms were not available until later in February or March.)

Businesses that advertise about filing before then are likely trying to mislead you, since little can be done before that date. Sure, the tax return can be prepared, but then it must be held until the IRS opens the door.

Update: The IRS will begin accepting entity/business tax returns (i.e., 1041, 1065, 1120, 1120S plus 720, 940, 941, and 2290) on Monday, January 13, 2014.

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