The IRS has announced that Monday, January 29, 2024 is the official start date of the nation’s 2024 Tax Season. It is when the agency will begin accepting and processing 2023 tax returns. However, people can start working on their taxes prior to that, either with a tax professional or software company. January 29th is the first day that the 2023 individual tax returns can be electronically filed with the IRS.
The filing deadline for most taxpayers to submit 2023 individual tax returns, pay any taxes or file an extension is Monday, April 15, 2024. Because of the Patriots’ Day holiday on April 15 in Maine and Massachusetts and the Emancipation Day holiday on April 16 in the District of Columbia, taxpayers who live in Maine or Massachusetts have until April 17, 2024 to file their returns.
The filing deadline to submit 2018 tax returns is Monday, April 15, 2019 for most taxpayers. Because of the Patriots’ Day holiday on April 15 in Maine and Massachusetts and the Emancipation Day holiday on April 16 in the District of Columbia, taxpayers who live in Maine or Massachusetts have until April 17, 2019 to file their returns.
The Internal Revenue Service has announced that the tax season will officially begin Monday, January 28, 2019. This is the day that the IRS will begin accepting electronic tax returns and processing paper tax returns. Most software companies and tax professionals will be accepting tax returns before January 28, and then will submit the returns when IRS systems open.
To prepare for filing your tax return, as you receive your 2018 tax documents, please collect them and keep them with your tax organizer. These documents include such items as your W-2s, Form 1099s, K-1s, brokerage statements, health insurance tax documents, etc. Your check register may also include pertinent information. When you have gathered all your tax information, please set-up an appointment or mail/submit the tax organizer, along with your various tax forms to us.
The Surface Transportation Act of 2015 (“the Highway Act”) revised filing deadlines for partnership tax returns, C corporation tax returns, and foreign information reporting (FinCen 114/FBAR) effective for 2016 tax returns.
The Highway Act accelerates the due date to March 15 (from April 15) for filing partnership tax returns and issuing Schedules K-1 to partners for calendar year filers.
Calendar year C corporations filing date changes to April 15 (from March 15). With this extra 30 days, C corporations have additional time for final information gathering and reporting, which may allow more companies to timely file their tax returns.
Under the Highway Act, the annual foreign bank account reporting (FBAR) on Form FinCEN 114 will be due on April 15, the same due date for filing individual income tax returns. Additionally, taxpayers will be able to request an extension of time to file their Form FinCEN 114 until October 15. It is important for U.S. taxpayers to properly file and report their foreign bank and financial accounts and any income earned, as large penalties can be assessed for failures to report assets and income. The U.S. Treasury has increased scrutiny of U.S. taxpayers holding investments in foreign accounts and the reporting of income earned on those accounts.
Individual Implications of the Partnership Deadline Changes
By having partnerships due on March 15th, instead of April 15th, individuals will have more time to include any Schedule(s) K-1 income and/or loss on their personal income tax returns and are more likely to be able to file their individual return by April 15. It is more convenient to file the FBAR returns at the same time as individual returns, as opposed to the prior June 30th date.
See Original and Extended Tax Return Due Dates for a printable schedule of due dates for the 2016 tax returns prepared during the 2017 tax filing season..
Tax Deadline Extended to April 18th For Filing 2016 Tax Returns
The filing deadline to submit 2016 tax returns is Tuesday, April 18, 2017, rather than the traditional April 15 date. See IRS’s Tax Calendar here.
Generally, April 15 of each year is the due date for filing your federal individual income tax return. If the due date falls on a Saturday, Sunday, or legal holiday, the due date is delayed until the next business day. In 2017, April 15 falls on a Saturday, and this would usually move the filing deadline to the following Monday, April 17. However, Emancipation Day, a legal holiday in the District of Columbia, will be observed on that Monday, which pushes the nation’s filing deadline to Tuesday, April 18, 2017.
Under the tax law, legal holidays in the District of Columbia affect the filing deadline across the nation.
The 2017 Tax Filing Season, for filing 2016 tax returns, begins January 23, 2017.
The Internal Revenue Service recently announced that the tax season will officially begin Monday, January 23, 2017. This is the day that the IRS will begin accepting electronic tax returns and processing paper tax returns.
Most software companies and tax professionals, including us, will be accepting tax returns before January 23, and then will submit the returns when IRS systems open.
To prepare for filing your tax return, as you receive your 2016 tax documents, please collect them and keep them with your tax organizer. These documents include such items as your W-2s, Form 1099s, K-1s, brokerage statements, health insurance tax documents, etc. Your check register may also include pertinent information.
When you have gathered all your tax information, please set-up an appointment or mail/submit the tax organizer, along with your various tax forms to us.
Our office is on Cape Cod on Route 28 in West Harwich. The address is 72 Route 28, Suite 2, West Harwich, MA 02671-1112. We’re on the first floor.
We can be reached by phone at (774) 237-0691 or by FAX at (774) 237-0835. Use our contact form to send us an email.