Posts tagged Taxes - Filing Deadlines

In a press release on January 8^th, The Internal Revenue Service announced that the nation's tax season will start on Monday, January 26, 2026.  That is when the IRS will begin accepting and processing 2025 tax-year returns.  Taxpayers have until Wednesday, April 15, 2026, to file their returns, pay any tax due, and/or file for an extension of time to file.

Several new tax law provisions of the One, Big, Beautiful Bill become effective this year and could impact federal taxes, credits, and deductions.  Many experts predict many taxpayers will see an increase in their refunds.  However, that depends on your actual tax situation. 

According to IRS Chief Executive Officer Frank Bisignano, “The Internal ......

The official start date for the 2026 tax season is Monday, January 26, 2026.  For most individuals, the main deadline to file or extend is April 15, 2026.  The extension deadline is October 15, 2026 although payments are still due by  April 15.  

The IRS strongly encourages taxpayers to wait until they receive all income and information documents (like W-2s and 1099s) before filing to avoid errors, processing delays, and having to file an amended return, which can take months to process. Filing with incomplete information can lead to mismatches with IRS records, potentially stopping your return and refund until discrepancies are resolved.

Because the majority of BGGE bookkeeping clients are sole proprietors who ...

The Internal Revenue Service announced that the nation's tax season will start on Monday, January 24, 2022. That’s when the IRS will begin accepting and processing 2021 tax year returns. This start date allows the IRS time to perform programming and testing that is critical to ensuring that IRS systems run smoothly.

Many commercial tax preparation software companies and tax professionals started accepting and preparing tax returns earlier in the month. But the completed returns are to be held until they can be filed electronically with the IRS on January 24th.

For most taxpayers, the filing deadline to submit 2021 tax returns, an extension, and/or pay taxes owed is Monday, April 18, 2022 instead of April 15th. Taxpayers in Maine...

On January 15, 2021, the Internal Revenue Service announced that the nation's tax season will start on Friday, February 12, 2021.  That's when they will  begin accepting and processing 2020 tax year returns.  The February 12th date would allow the IRS time "to do additional programming and testing of IRS systems to reflect the December 27th tax law changes that provided a second round of Economic Impact Payments and other benefits'.  They also feel the later date will reduce refunds delays and ensure that eligible people will receive any remaining stimulus money as a Recovery Rebate Credit when they file their 2020 tax return.

FYI:  Although tax seasons frequently begin in late January, there have ......

The IRS has not officially announced this year's tax season start date yet, but BGGE tax season starts on January 2nd every year.  As a bookkeeper, I crunch numbers before, during, and after the national tax season deadlines.  Since most of my business clients are sole-proprietors, I create their chart of accounts and reports in-line with the Schedule C. 

But tax planning is for everyone.  Having your records organized, not only makes preparing your return easier, but a paid preparer may reduce your fees because of this.  It may also help you discover potentially overlooked deductions or credits. 

Remember, most income is taxable even if you do not receive a form.  Written documentation is often ...

The deadline for tax filing and payment of 2019 tax returns has been extended from April 15 to July 15, 2020.   This special tax filing and payment relief is offered to individuals and businesses in response to the COVID-19 Outbreak by the Treasury Department and the Internal Revenue Service.   

State filing and payment deadlines vary from state to state.  More information is available at https://www.taxadmin.org/state-tax-agencies.

More Highlights of IRS News Release:  

• Relief applies to all individual returns, trusts, ...
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Taxpayers who haven’t checked their withholding this year should do so as soon as possible.  A "Paycheck Checkup" can help you see if you’re withholding the right amount of taxes from your paycheck. In general, this should be performed whenever there are major lifestyle changes like marriage or divorce, birth or adoption, new job or unemployment, etc. 

Taxpayers most likely...