If you have clients who are behind on their tax filings (or if you file your own return and have not filed a couple of years), good news; there are finally dates out there for when you can efile previous years returns. Intuit has notified me that you can efile back 2012 and 2013 individual tax returns with their products the same date the IRS will process 2014 efiled individual and business returns – January 20, 2015. You can actually efile business returns for 2012 and 2013 starting January 9, 2015. (All unfiled returns for 2011 and before are not eligible to be filed on the IRS efiling system now, so they have to be filed on paper and mailed to the IRS.) If you have any questions on this you can call or email me and we can discuss it. For financial, accounting and tax musings, You can count on us to count for you! Email: bstonercpa@sbcglobal.net Phone: 818-317-6035 Website: www.briantstonercpa.com Android and the IPhone: Has been Featured On https://twitter.com/bstonercpa
Tax Musings of a Burbank CPA: Practitioners Expect a Better Tax Season.
Happy New Year and in my first blog of the year I will discuss a new survey by Accounting Today and Tax Pro Today that discusses tax practitioner outlook on the new tax season 2015. See the details in this post by Daniel Hood in Accounting Today: http://www.accountingtoday.com/news/tax-season/practitioners-expect-a-better-tax-season-73176-1.html Nearly half of practitioners feel optimistic on the tax season, while less than 20% feel it will be worse. If my experience is any criteria so far, it will definitely be busy and more profitable. So ifyou have a preparer, make sure that you call them early to make appointments, as things look to be busy. For financial, accounting and tax musings, You can count on us to count for you! Email: bstonercpa@sbcglobal.net Phone: 818-317-6035 Website: www.briantstonercpa.com Android and the IPhone: Has been Featured On https://twitter.com/bstonercpa
Burbank CPA Tax Musings: Tax Season to Start January 20
Well the IRS has announced that tax season will officially open on January 20, 2015. That is the date the service will start accepting efile and paper returns for processing. See this update in Accounting Today by Roger Russell for more details: http://www.accountingtoday.com/news/irs-watch/tax-season-to-start-january-20-73151-1.html?utm_campaign=daily-dec%2030%202014&utm_medium=email&utm_source=newsletter&ET=webcpa%3Ae3570730%3A2498807a%3A&st=email As this article says, there is no advantage to filing paper returns early to try and get refunds quicker; efiling remains the most efficient and safe method to file your returns. Since Congress and the President actually got the tax extender bill into law by December 19, there will be no delay for the IRS processing this year. Just remember you may not be able to file until you get all your tax documents, so even though the return can be processed by January 20 doesn’t mean you can file by then. For financial, accounting and tax musings, You can count on us to count for you! Email: bstonercpa@sbcglobal.net Phone: 818-317-6035 Website: www.briantstonercpa.com Android and the IPhone: Has been Featured On https://twitter.com/bstonercpa