The Internal Revenue Service confirmed that they will begin accepting and processing 2019 tax year returns starting on Monday, January 27, 2020.
The deadline to file and to pay any tax owed will be Wednesday, April 15, 2020. Over 150 million individual tax returns are expected to be filed, with most of those coming before the traditional April tax deadline.
“As we enter the filing season, taxpayers should know that the dedicated workforce of the IRS stands ready to help,” said IRS Commissioner Chuck Rettig. “We encourage taxpayers to plan ahead and use the tools and information available on IRS.gov. The IRS and the nation’s tax community are committed to making this another smooth filing season.”
The Jan. 27 opening date was set to ensure the security and readiness of key tax processing systems and to address the potential impact of recent tax legislation on 2019 tax returns.
While taxpayers may prepare returns before the start date, processing of those returns will begin after IRS systems open later this month.
“The IRS encourages everyone to consider filing electronically and choosing direct deposit,” Rettig said. “It’s fast, accurate and the best way to get your refund as quickly as possible.”
Rabalais Business Consulting offers a wide range of tax services for individuals and businesses. Call 337.981.2577 or fill out our Contact Us form.