The IRS is pushing back tax filing for this year following the government shutdown. The 2014 tax season is starting later this year. The IRS usually allows people to start filing for their taxes on January 21st but due to the government shut down, they have extended the time period ten days, til January 31st.
BKD Partner, Mike Gray says, "The reason for that is basically because of the shutdown the IRS is needing some extended or additional time to get all their programing and all their forms set up and ready for the filing season to occur."
He adds the IRS is encouraging people to electronically file their taxes rather than on paper, so people can get their money back sooner. "You should be able to get your refunds back in a very timely manner this year as well."
E-filing or electric filing is when you file a return over the internet or through a tax service versus completing them on paper and mailing them in. People can get the forms online by going to the IRS website.
Gray says, "The IRS is really pushing that over the past few years to one, to speed up the processing peoples return and to speed up their refunds."
Some people have mixed reviews on the tax filing delay. Debbie Portillo says, "I really don't think it's that much of a delay so ten days isn't going to make such a big difference one way or the other, and having ten extra days to file will be beneficial to some people." Syleris Gwin Martinez on the other hand says, "It makes it harder on people because some people actually depend on the money being returned on time. Who wants to get their money late is what I mean."
Gray says typically if you file your return earlier in the tax season then you should be able to get your refunds back quicker than if you wait until late March or early April.
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