IRS Announces Changes to 2016 Tax Season for Individuals

2016 Tax Season Opens on January 19, 2016

The IRS recently announced that individual tax returns will be accepted starting on Tuesday, January 19, 2016.  They will begin processing paper tax returns at the same time.

“We look forward to opening the 2016 tax season on time,” IRS Commissioner John Koskinen said.  “Our employees have been working hard throughout this year to make this happen.  We also appreciate the help from the nation’s tax professionals and the software community, who are critical to helping taxpayers during the filing season” (IRS.gov).

Taxpayers are urged to have all year-end statements in hand before filing.  This includes Forms W-2 for employers, Forms 1099 from banks and other payers, and Form 1095-A from the Marketplace for those claiming the premium tax credit.

At the time of the announcement, the IRS recommended that taxpayers seek advice from a trusted tax professional to stay informed about tax code changes and other tax resources. 

For more information about how these changes will affect you, contact our office, Gordon, Keeter & Co. by calling 704-786-0171 or visiting www.gordonkeeter.com/taxes

Source: https://www.irs.gov/uac/Newsroom/2016-Tax-Season-Opens-Jan-19-for-Nations-Taxpayers