In the tax filing world there is buzz that the IRS has started accepting e-filed returns.
If you are someone who: 1. keeps up on tax news (you total tax nerd), 2. prepared your 2013 tax return early (you don’t procrastinate) or 3. wants to get your 2014 tax refund as soon as possible (you have a pile of bills stacking up), chances are you probably heard about the IRS accepting 2013 e-filed tax returns earlier than planned.
Yes, it’s true. Months ago, the IRS announced e-filed returns would be accepted starting on January 31, 2014 and today, which is not the last day of the month, the IRS is accepting e-filed returns. Thank-you-IRS-for-the-curve-ball. If you are among the early tax preparers for 2014, the curve-ball is to your benefit. Well, sorta. The IRS is currently accepting e-filed returns, however, they will not begin to process the returns until the original date of January 31, 2014. With that said, don’t plan on receiving your tax refund any earlier than planned.