We are underway for another tax season, even though it seems like the last one just ended. The IRS has announced that it will start accepting e-filed returns on February 12, 2021, which is about two weeks later than usual. According to IRS Notice IR-2021-16, the February 12 start date allows the IRS to do additional programming and testing of IRS systems following the December 27th tax law changes that provided a second round of economic stimulus payments and other benefits.
There has not any talk of changing the due date past the traditional April 15 deadline. I've been a practitioner for over 35 years and many times I wished that I could have more time to file returns before the deadline. Last year, when IRS extended the due date to July 15th, I learned the hard lesson that I really didn't want that extra time. Let's hope we can wrap this up on time in 2021 without having to repeat the tax season from hell.
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