The tax return season will start later this year than usual - ForumDaily
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The tax return season will start later this year than usual.

Фото: Depositphotos

The tax authorities announced that the tax filing season would begin on Monday, 29 in January 2018, and also reminded taxpayers that in some cases the refund will occur before the end of February.

The IRS will begin accepting tax returns on January 29, with nearly 2018 million individual tax returns expected in 155. The deadline for filing your tax return is 17 on April of this year, so taxpayers will have two additional days to file bids.

Companies that accept electronic tax returns and tax specialists will receive tax returns until January 29, and then will return when the IRS system opens.

Although the IRS will begin accepting both electronic and paper 29 tax returns in January, paper-based data will be processed later in mid-February. The IRS strongly encourages people to file their tax returns electronically for a faster refund.

The IRS set the opening date for the 29 system in January to provide security and prepare key tax processing systems. In addition, the potential impact of tax legislation on 2017 tax returns of the year will be assessed.

The IRS reminds taxpayers that, by law, the IRS cannot issue tax refunds when Earned Income Tax Credit (EITC) and Additional Child Tax Credit (ACTC) until mid-February. While the IRS will process these declarations upon receipt, the service cannot issue related returns until mid-February. It is expected that the earliest EITC / ACTC refunds will be available on taxpayer bank accounts or debit cards starting from February 27 2018, if a direct deposit has been selected and there are no other problems with the tax return.

The IRS also reminds taxpayers that they must keep copies of their tax returns for the previous year for at least three years.
Taxpayers who file a tax return for the first time need to be adjusted electronically. Taxpayers who use the same tax program that they used last year will not have to enter information from the previous year to put an electronic signature on the 2017 tax return of the year.

Taxpayers can visit IRS.gov/GetReady for more advice on preparing for the submission of the 2017 tax return for the year.

April 17 – application deadline

The deadline for filing a tax return for the year 2017 is Tuesday, April 17, April 2018, not the traditional date of April 15. In the 2018 year, 15 April falls on Sunday, and this, as a rule, postpones the deadline for submitting applications to the following Monday - April 16. However, this Monday will mark Liberation Day - a legitimate holiday in the District of Columbia, which defers the deadline for filing an application on Tuesday, 17 on April 2018. In accordance with tax laws, legal holidays in the District of Columbia affect the application deadline throughout the country.

The IRS is also working to strengthen processing systems to protect taxpayers from identity theft and return fraud. Partners IRS and Summit continue to improve these guarantees to further protect the filing of your tax return in 2018.

Refund in 2018 year

Electronic filing of the declaration and direct deposit for reimbursement remains the fastest and safest way to file an accurate income tax return and receive a refund. The IRS expects that more than four of the five tax returns will be prepared electronically using tax software.

The IRS still expects to issue more 9 from 10 returns in less than 21 a day, but there are several important factors to consider for taxpayers.

The IRS reminds taxpayers that many financial institutions do not process payments on weekends or holidays, which may affect the return of funds to taxpayers.

Where's my refund? Tool on IRS.gov and phone app IRS2Go is the best way to check the status of your return.

IRS offers taxpayer assistance

The IRS reminds taxpayers that they have many options on how to get help with preparing a tax return on IRS.gov, the IRS official website. Taxpayers can find answers to their questions on the Internet. Page " Let Us Help You helps answer most tax related questions.

Taxpayers can switch to IRS.gov/account for secure access to information about their federal tax records. They can view the amount they owe, pay online or set up an online payment agreement; access your tax records online; view payment history for the last 18 months; view key information about the current year's tax return.

In addition, 70% of the country's taxpayers are entitled to a free IRS file. IRS commercial partners offer free proprietary software to about 100 to millions of people and families with incomes of $ 66 thousands or less.

Volunteer Income Tax Assistance (VITA) and Tax Counseling for the Elderly (TCE) offer free tax help to eligible people. Go to IRS.gov and enter “free tax payment” in the search field to find out more and find the nearest VITA or TCE office, or download the IRS2Go smartphone application to find a free tax advisor. Go to IRS.gov and click on the “Feed” tab for more information.

The last time the IRS so strongly delayed the start of the tax season in 2014. Then the tax filing started on January 31, since the process of updating the IRS systems found significant technical failures in October 2013 as a result of the federal government’s close for 16 days.

In 2017, the IRS announced the start of accepting returns on January 23, in 2016 - January 19, in 2015 - January 20, and in 2014 - January 31.

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