It is that time of year again! As of today, January 23rd, the IRS is accepting electronic returns expected to be filed in 2017. Another notable date released by the IRS today is the filing deadline. Tuesday April 18th is the date returns must be filed by. This is because the 15th is on a Saturday and the following Monday is a holiday in the District of Columbia.
Archives for January 2017
“Filers of Forms 4562 and 8863 can start sending in their returns to IRS. The Service has reprogrammed its computers to account for late changes that Congress made to the caps on expensing business assets and to education credits. But many filers will still have to wait until early March to file, IRS says. These include taxpayers who use Form 5695 to take residential energy credits, Form 8582 to report passive losses or Form 8839 to claim the adoption credit. Ditto for businesses that file Form 8903 for the domestic production deduction and many forms for tax credits, such as Form 5884 for the work opportunity credit” -The Kiplinger Tax Letter
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