We hope your new year is starting off great! We wanted to keep you informed of some news that the IRS has released this week.
- IRS to open tax filing season on February 12th
- Identity Protection Pins open to all individuals
What does this mean for you?
E-filing to begin February 12th
Even though the IRS will not allow us to e-file your returns until February 12th we can still get started. This does mean that we will not be able to submit any tax returns until February 12th and refunds will still take about 3 weeks from the date that we submit your tax return. In addition, the IRS will not release any refunds that include the Earned Income Tax Credit or Additional Child Tax Credit until the first week of March.
All taxpayers can sign up for an Identity Protection Pin (IP PIN)
Identity theft has been on the rise for many years and the IRS launched the IP PIN program in response for those affected. As of this year this program is now open to all Taxpayers. “This is a way to, in essence, lock your tax account, and the IP PIN serves as the key to opening that account,” said IRS Commissioner Chuck Rettig. “Electronic returns that do not contain the correct IP PIN will be rejected, and paper returns will go through additional scrutiny for fraud.”
We encourage all clients to sign up for the program here: Get An Identity Protection PIN | Internal Revenue Service (irs.gov)
Keep in mind that if you sign up for a PIN we will need it to file your tax return. In addition, you’ll receive a new PIN each year.
Looking forward to working with you all this year!