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12/29/2013

Tax Season Delayed to January 31, 2014

The IRS has confirmed the opening day to file 2013 individual federal income tax returns.  

That date has been delayed ten days and is Income taxes in a bag
now set for January 31, 2014.  This is the first day the IRS will officially begin processing tax returns.  

This will likely cause a delay in tax refunds and is expected to contribute to a tax preparation and filing backlog similar to the issues faced in the last tax preparation season.

The IRS blames the October government shutdown for this season’s late opening date.  It claims the shutdown caused delays in updating and testing new tax processing systems.  See our previous blog explaining more about the reasons behind the delay and the effect it may have on the tax filing season.

The IRS will begin accepting 2013 business tax returns on January 13, 2014. For more specific information click here for the entire IRS news release.

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