NEW YORK (AP) - The Internal Revenue Service is recommending that taxpayers hold off on filing their tax returns for 2022 if they received a special tax refund or payment from their state last year. Last year, 19 states offered diverse programs that offered inflation relief payments or r...
"The additional time will help reduce confusion during the upcoming 2023 tax filing season and provide more time for taxpayers to prepare and understand the new reporting requirements," O'Donnell said. The change was intended to crack down on Americans evading taxes by not reporting the full exte...
The IRS tax season start is, by definition, thetax filing start date. It is the first day in a given tax season when the IRS begins to accept and process tax returns for the prior year. No returns will be processed sooner than this date, and the IRS says most refunds will be process...
Still, the 2024 tax filing season went smoothly overall, the report says. And with the billions of dollars in multiyear funding that the IRS is slated to receive from the Inflation Reduction Act of 2022, P.L. 117-169, the agency will only continue to improve, Collins wrote. "...
The IRS does charge a fee to set up these plans. It ranges from $31 to $225 as of the 2023 tax filing season, depending on how you make your payment. There are options and reduced fees available to low-income taxpayers who qualify.5This is a one-time fee that's paid upfront. It...
IRS to test free tax-filing platform in 13 U.S. states The IRS is testing the free direct-file system for the 2024 tax season, with some people in 13 states invited to try it out. Oct 18, 2023 Americans failed to pay a record $688 billion in 2021, IRS says ...
However, the IRS announced in December that itwould delay the new reporting standard"to help reduce confusion during the upcoming 2023 tax filing season and provide more time for taxpayers to prepare and understand the new reporting requirements." ...
IRS Commissioner Warns of Filing Season DelaySchwarz, Mel
If you find errors when filing tax returns and need to make amendments, RapidTax, an external tax preparation service, is available to help. Utilize RapidTax to electronically efile amended tax returns for the years 2021, 2022, and 2023. ...
“The adjustment to the start of the filing season provides us the necessary time to program, test and validate our systems so that we can provide a smooth filing and refund process for the nation’s taxpayers.” A 2014 delay would mark the second time in as many years that the IRS push...