By Modesto Matheu, CPA
modesto.matheu@gmail.com
832-498-1012
The Internal Revenue Service announced today that the nation’s tax season will begin as scheduled on Tuesday, Jan. 19, 2016. However, some tax preparation software packages are ready to process tax returns earlier than the 19th in preparation for the IRS schedule date. So, there is no advantage for people filing earlier other than being among the first in line when the IRS processing begin.
The 2015 filing due date may differ depending on your state of residence state.
The filing deadline to submit your 2015 tax returns is Monday, April 18, 2016, rather than the traditional April 15 date. (Washington, D.C., will celebrate Emancipation Day on that Friday, which pushes the deadline to the following Monday for most of the nation.)
Residents of Maine and Massachusetts deadline is Tuesday, April 19. (Due to Patriots Day Holiday on Monday, April 18.)
Residents of Maine and Massachusetts deadline is Tuesday, April 19. (Due to Patriots Day Holiday on Monday, April 18.)
On recordkepping
All taxpayers should make sure they have all their year-end statements, such as: Forms W-2 from employers, Forms 1099 from banks and other payers, and Form 1095-A from the Marketplace for those claiming the premium tax credit. Including all other schedules, logs, and other tax documents.
What is the recommended filing option?
Choosing to e-file and direct deposit (e.g., refund) remains the fastest and safest way to file an accurate income tax return and receive a refund.
When do I get my refund?
The IRS anticipates issuing more than nine out of ten refunds in less than 21 days. Every case is different and some made take longer than others.
For help contact your tax professional or the IRS (IRS.gov).
Source: IR-2015-139, Dec. 21, 2015
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