The IRS has announced that the tax filing season for 2015 will open on schedule following the passing of legislation for tax extenders. The IRS will accept tax returns electronically on January 20, 2015, with paper returns processing at the same time.
Congress decided to renew several “extender’ provisions that had expired at the end of 2013 and they are being renewed through the end of 2014. You can read more about the tax extenders here. This was officially signed into law on December 19, 2014.
John Koskinen, IRS Commissioner commented that after the IRS reviewed the late tax changes they determined that they would aggressively work to assure their systems are up to speed in the next month so they will be ready to complete the final stages that will be needed for the 2015 tax season.
Taxpayers should be reminded that the most accurate way to file their returns and receive a refund is to do it electronically. It will not be to anyone’s advantage to file tax returns on paper in early January as they wait for e-filing to begin.