IRS Announces Tax Season Opening

Following the passage of the American Taxpayer Relief Act, the Internal Revenue Service (IRS) recently announced that it plans to open the 2013 filing season and begin processing individual income tax returns on Jan. 30. This means that the IRS will start accepting tax returns on that date, expecting more than 120 million households to file early.

According to the IRS, the best option for taxpayers is to file electronically. Doing so will allow taxpayers to receive their tax refunds much faster as they can utilize the e-file direct deposit function. More than 80% of taxpayers filed electronically last year.

For more information on when you can start filing your taxes, please visit the IRS’s website.

*To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. federal tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or tax related matter.