Tag: Season (sports)

  • The Government Shutdown Will Delay The Start Of The January Tax Season

    Delay The Start Of The January Tax Season

    The government shutdown will have an effect on the tax season in 2014. There could be a one to two week delay on filling your 2013 tax return forms as a direct result of the government shut down in 2013.

    The IRS lost sixteen days of work during the shutdown which came at a time when the IRS is typically very busy preparing for the upcoming rush of the tax season in January. Loosing nearly three weeks of work in the fall, is very difficult to make up before January.

    Day 093/365 - Tax Time Phat Cash!
    Day 093/365 – Tax Time Phat Cash! (Photo credit: Great Beyond)

    They will not accept or process any returns, online or in paper, until January 28 to February 4th. This falls at least one week later than the typical yearly start of January 21. You can send in your paper 2013 tax return forms early but they will not look at them until opening day, and you can not file an online form at all until the date they open for the season.

    The IRS is doing everything they can to make the delay shorter but the new bill has changed many forms and these changes take time.

    You can still prepare your tax return from your end as you always have, as long as you have current software as there are many updates that come with the new bill. You can also prepare with an adviser in advance so you will be prepared on the first day the IRS will take the 2013 tax forms.

    It should also be noted though, that the filing deadline for tax payer remains the same, April 15. So there is a shorter season all around.