The IRS has announced that its tax season will start later than planned due to the government shutdown.
Traditionally, the time period in which employees may file their individual tax returns beings on January 21, with an April 15 deadline. During the government shutdown, 90% of the IRS operations were closed, causing the organization to fall nearly three weeks behind schedule in preparing for the upcoming tax season. As a result, the IRS will begin accepting and processing tax returns sometime between January 28 and February 4, 2014, and no earlier.
While employees will be able to file their individual tax returns no earlier than Jan. 28, the filing deadline currently stands at April 15, 2014.
In accordance with the existing law and regardless of any government delays, Nextep still plans to comply with IRS law and furnish all W-2 forms to employees no later than January 31, 2014.
To learn more, please visit the IRS website or contact Nextep’s Payroll Department.