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IRS Delays Start of Tax Season, Maintains April 15 Filing Deadline by Joseph L. Saka


Posted on January 06, 2014 by Joseph Saka

Due to the October government shutdown, the IRS has announced it will delay the date it will begin processing 2013 tax returns.

According to the IRS, the 2014 tax filing season will officially begin on Jan. 31 for individuals and businesses that report their income on federal form 1040. While this date represents the first day the IRS will begin accepting electronically- and paper-filed returns, it does not mean taxpayers should hold off on gathering information, preparing documentation and meeting with their tax advisors. Returns will still be due on April 15, the traditional tax deadline set by statute.

Those taxpayers who need more time to file their returns may request an automatic six-month extension. However, it is important to note that an extension does not postpone the April 15 deadline for which taxpayers must pay their taxes.

 

No matter when taxpayers choose to file their returns, Berkowitz Pollack Brant advises its clients do so electronically, via e-file and direct deposit, in order to yield much faster receipt of tax refunds from the government.