IRS Ready to Start 2016 Tax Season
The Internal Revenue Service announced that the nation’s 2016 individual income tax filing season opens Jan. 19, with more than 150 million tax returns expected to be filed this year.
People will have several extra days to file their tax returns this year. Taxpayers have until Monday, April 18, to file their 2015 tax returns and pay any tax due because of the Emancipation Day holiday in Washington, D.C., falling on Friday, April 15. Taxpayers in Maine and Massachusetts will have until Tuesday, April 19, because of Patriot’s Day observances on April 18.
The IRS expects more than 70 percent of taxpayers to again receive tax refunds this year. Last year, the IRS issued 109 million refunds, with an average refund of $2,797.
“IRS employees have been working hard to get ready to help taxpayers this filing season,” IRS Commissioner John Koskinen said. “As part of our Security Summit initiative, the IRS has been working closely with the tax industry and state revenue departments to provide taxpayers with stronger protections against identity theft during the tax filing season.”
The IRS encouraged taxpayers to plan ahead and take advantage of the online resources available on IRS.gov.
“IRS.gov is the best place for taxpayers to go for information about filing their income tax returns this year,” Koskinen said. “Although we will have more people staffing our phone lines this year, we expect those lines to remain busy so we encourage people to visit the web first as the quickest and easiest way to get assistance.
If you have any tax questions please contact our Warady & Davis advisors at 847-267-9600 or visit the IRS website – www.irs.gov.
SOURCE: IRS