After the review of the legislation of tax extensions that were signed into law last week, service of internal taxes (IRS) today announced that national tax season will begin Tuesday, January 19, 2016, as it was planned.
When does the IRS Start Accepting 2015 Tax Returns?
The IRS will begin accepting individual electronic statements that day. The IRS expects to receive more than 150 million individual returns in 2016, with more than four in five of them being prepared and filed electronically using tax preparation program. The IRS will begin processing tax returns printed at the same time. People do not get any advantage to file tax returns on paper in early January rather than wait to be given home to electronic filing or e – file.
2016 IRS Tax Season
“We hope to open the 2016 tax season on time,” said the Commissioner of the IRS, John Koskinen. “Our employees have worked hard this year to make this happen. We also appreciate the help of the nation tax professionals and the software community, as they are essential providing assistance to taxpayers during tax season”.
As part of the initiative of the Security Summit, the IRS has been working closely with the industry tax and state tax agencies to provide taxpayers greater protection against identity theft during the upcoming tax season.
When is the Tax Filing Deadline?
The deadline for filing taxes for the year 2015 is the Monday, April 18, 2016, rather than the traditional date of April 15. Washington, D.C., will celebrate the day of emancipation that Friday, which pushed the date limit for Monday 18 for most in the nation. (Due the day of the Patriots, in Maine and Massachusetts the those States will be on Tuesday, April 19).
When do you file taxes in 2016?
Koskinen noted that new legislation makes many provisions permanent and extend others for several years. “This provides security to plan, which will help taxpayers and the tax community as well as the IRS,” he said.
What to do in order to file taxes?
The IRS urges all taxpayers to make sure that they have all their statements to the end of the year to hand before submitting their tax return, including W-2 forms from their employers, the forms 1099 of the banks and other institutions and 1095-A form of the market for those claiming the tax credit of premium. “We encourage taxpayers to that take advantage of the growing range of tools and information on IRS.gov to make tax preparation easier,” said Koskinen.
Although the IRS starts accepting statements of January 19, many companies tax programming will begin to prepare tax returns in January to be then presented to the IRS when processing systems are open.
Choose the e-file or e – file and direct deposit for refunds is still way faster and more secure file an accurate tax return and receive a refund. The IRS anticipates issuing more than nine of every 10 refunds in less than 21 days. See free options to get help with taxes and to prepare and file your return at IRS.gov or in your community if you qualify. Visit IRS.gov and click on the presentation or “Filing” section to view your options.
What is IRS FreeFile?
Seventy percent of taxpayers of the nation are eligible for Free File of the IRS. IRS business partners offer free software brand at about 100 million individuals and families with incomes of $62,000 or less;
How do you file taxes for free?
Online fillable forms offer electronic versions of the IRS paper forms to all taxpayers, regardless of their income, which can be prepared and submitted by people who feel comfortable filling your own tax return
Assistance volunteer tax preparation (VITA)
Assistance volunteer tax preparation (VITA) and the tax counseling for seniors elderly (TCE), offer help of free tax for people who qualify. Visit IRS.gov and enter “free tax assistance” in the search box to learn more and find a site VITA or TCE, or download the IRS2Go app on your Smartphone and find a free tax preparation provider.
The IRS also reminds taxpayers that a trust tax professional can provide useful information and advice about the tax code, which changes frequently. Tips are available at IRS.gov to choose a preparer and details of national groups of tax professionals.