Tax Filing Opening Date Postponed Until February 12

By
Services for Real Estate Pros with Howard Richardson
https://activerain.com/droplet/5qd7

On February 12 the IRS will start accepting individual tax returns for processing. Usually it begins at the end of January, but with the new tax legislation recently passed in December 2020, the IRS needs more time in order to get their systems ready. They are hoping this will help to reduce refund delays, but that remains to be seen.

 

The IRS is advising taxpayers to file electronically and to use direct deposit instead of a check by mail to get refunds faster. The USPS has been stressed by the pandemic and checks could take longer to receive by snail mail.

 

If you file your 2020 tax return and are expecting a refund, you can check your status by going to the IRS website, ‘Where’s My Refund?’

Either download the mobile app or use the IRS link directly:

 

https://www.irs.gov/refunds

 

There has been speculation about whether the filing deadline of April 15 will be extended as it was last year in order to allow taxpayers more time to meet their filing requirements. At this point it is hard to say how this will go. I would recommend people to act as if the April 15 deadline will be maintained and to get your books and records ready now. If the deadline is extended, great. If not, you will file on time and avoid penalties and interest for failure to file and possibly failure to pay if you end up with a balance due.

 

Howard Richardson

8939 S. Sepulveda Blvd

Suite 102

Los Angeles, CA 90045

(323) 374-5034

howard@hrichtax.com

www.hrichtax.com

 

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Local News and Events
Tags:
irs
tax
howard richardson

Spam prevention
Show All Comments
Rainer
130,045
Trish Cole
Veterans United Home Loans of Puget Sound - Puyallup, WA

Thank you for the information.  

Jan 18, 2021 04:13 PM #1
Rainmaker
3,534,192
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

funny the day before I sent in my estimated taxes so I would not need to stand in line with all the others like the last time:) and go figure once the check was in the mail I saw the postponement:))Endre

Jan 18, 2021 09:04 PM #2
Rainmaker
5,228,371
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Good morning Howard,

Thank you for letting us know.  Wishing you a wonderful day ahead.

Jan 19, 2021 07:10 AM #3
Rainmaker
3,709,926
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Howard, thanks for getting the word out on this change with the government.

Jan 19, 2021 08:26 AM #4
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?