
Tax Tip Tuesday: New Filing Deadlines
Partnerships and C corporations will soon have new filing deadlines after a recently passed highway bill that included some tax provisions was passed. This is a major restructuring of entity return due dates that is effective generally for returns for tax years beginning after December 31, 2015. Both partnerships and S corporations will have to file their income tax returns by the 15th day of the third month after the end of the tax year. Those with a calendar year will have
When to File Your 2013 Taxes
The Internal Revenue Service announced that they will open the 2014 filing season for individuals to file their 2013 tax returns on January 31, 2014. This allows the IRS adequate time to program and test its tax processing systems. The annual process for updating IRS systems saw significant delays in October following the 16-day federal government closure. The IRS cautioned that it will not process any tax returns before January 31, so there is no advantage to filing on paper