VIEWpoint Issue 1 | 2022
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VIEWpoint Issue 2 | 2021
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It’s that time of year again: the Internal Revenue Service (IRS) has announced it will begin accepting and processing tax returns beginning Mon., Jan. 24. It also indicated it will open its IRS Free File service on Fri., Jan. 14, for qualified taxpayers who want to get a head start on filing. Once again, the IRS is encouraging taxpayers to e-file with their direct deposit information, stating that many will receive their tax refund within 21 days of their e-filing date.
Typically, the tax deadline is April 15, but since Washington, D.C. is recognizing the Emancipation Day holiday that day, Tax Day is pushed to Mon., April 18. The IRS anticipates over 160 million individual returns to be filed with the vast majority coming before the deadline. This new tax season opens as the IRS continues to process returns from the last tax season due to the COVID-19 pandemic creating a great deal of backlog. However, the IRS has indicated that individuals who are awaiting the processing of previous tax returns can file their 2021 returns in the meantime.
Be sure to keep these dates in mind this tax season:
This publication is distributed for informational purposes only, with the understanding that Doeren Mayhew is not rendering legal, accounting, or other professional opinions on specific facts for matters, and, accordingly, assumes no liability whatsoever in connection with its use. Should the reader have any questions regarding any of the news articles, it is recommended that a Doeren Mayhew representative be contacted.
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