Although there were more than 50 changes in the recent passage of the extenders legislation (the Tax Increase Prevention Act of 2014), the IRS announced that it still plans to open the 2015 filing season as scheduled in January. According to its recent News Release, the IRS will begin accepting tax returns filed electronically on January 20, 2015. Paper tax returns will begin processing at the same time. The IRS also reminds taxpayers that filing electronically is the most accurate way to file tax returns and get a refund.
We invite you to visit the Resource page of our website www.mcilvain.net/resources for assistance in gathering your 2014 documents, check lists for individual tax returns, home office and business deductions and for regular updates on new information coming out of Washington. In addition, our staff is available to assist you. We are staying on top these changes, so you don’t have to!