2013 Tax Season

Tax Updates

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2013 Tax Season

1. 2014 Tax Season to Open Jan. 31; e-file and Free File Can Speed Refunds The Internal Revenue Service announced plans to open the 2014 filing season on Jan. 31 and encouraged taxpayers to use e-file or Free File as the fastest way to receive refunds.

2. Starting Jan. 13 Business Tax Filers Can File 2013 Returns The IRS will begin accepting 2013 business tax returns on Monday, Jan. 13. This start date applies to both electronically-filed and paper-filed returns.

3. Multiple Tax Return Listing Process Changes Jan. 1 The Multiple Tax Return Listing process that allows fiduciaries to mass sign electronically filed Form 1041, U.S. Income Tax Return for Estates and Trusts, changes January 1.

4. Some IRS Assistance and Taxpayer Services Shift to Automated Resources Given available resources and shifting taxpayer demands, the IRS will be making a number of taxpayer service changes for the 2014 filing season. The changes, which were made following input from stakeholders in the tax community, reflect the need for increased use of automated self-service options.

5. New User Fees for Processing Installment Agreements and Offers in Compromise Effective Jan. 1, 2014, processing fees for standard installment agreements and doubt as to collectability offers will increase. Fees for direct debit installment agreements are unchanged. Low income fees and fee waivers are also unchanged.

6. IRS Issuing Penalty Notices to Tax Preparers for Missing Forms 8867 Tax preparers who do not send Form 8867 with EITC returns are subject to a $500 penalty per return. IRS sent warning Letter 4989to preparers who did not comply for tax year 2011, and, starting this month, IRS will be sending nearly 800 of those preparers notices of proposed penalties for continued failure to attach the form for tax year 2012 returns. Get details on EITC Due Diligenceat www.EITC.irs.gov.

7. IRS Offers Tips for Year-End Giving Individuals and businesses making contributions to charity should keep in mind several important tax law provisions that have taken effect in recent years.

8. IRS Announces New ETAAC Members, Chairperson The Internal Revenue Service announced the selection of three new members and a chairperson for the Electronic Tax Administration Advisory Committee (ETAAC).