An IRS delay puts the start of tax season to Friday, January 31, 2014.
The IRS announced the start to the 2014 tax season. The date is set at January 31, 2014. The IRS reportedly needs the extra time “to allow adequate time to program and test tax processing systems following the 16-day government closure.”
According to the IRS:
The government closure came during the peak period for preparing IRS systems for the 2014 filing season. Programming, testing, and deployment of more than 50 IRS systems is needed to handle processing of nearly 150 million tax returns. Updating these core systems is a complex, year-round process with the majority of the work beginning in the fall of each year.
Originally the 2014 season was slated to begin on January 21st. However, the tax season is now scheduled to begin ten days after on January 31st. This makes the start of the e-file 2014 tax season one of the latest on record. That means, you have a smaller time period to file your taxes, with tax day remaining at April 15th.
As for past delays caused by the Modernized-e-File (MeF) system’s performance issues, the IRS has spent the last year making improvements faster for everyone. That means, e-filing should be faster for everyone.
Even though e-file begins at the end of January, you can still get a head-start on your taxes. In fact, RapidTax has it’s 2013 application available starting on January 1, 2014. You can create an account during the month of January and take your time filling in your information. Then, when e-file does open, your return will be at the front of the line to get filed.
Photo via Cornelia Kopp on Flickr.Tax News.