IRS is Now Accepting Returns
The IRS is now accepting tax returns today, January 29. Returns that were efiled prior to January 29 and held in the IRS queue, will now be transmitted to the IRS in the order they were received.
Refund Delays
The PATH Act of 2015 requires the IRS to hold refunds on returns claiming the Earned Income Tax Credit (EITC) and/or the Additional Child Tax Credit (ACTC) until mid-February. The IRS is required to hold the entire refund — even the portion not associated with the EITC and ACTC — until at least mid-February. The IRS cautions that these refunds likely won’t arrive in bank accounts or debit cards until the week of February 27 at the earliest.
Filing Deadlines for 2017 Returns
- March 15, 2018, is the filing deadline for 2017 calendar-year S corporation (1120S) and partnership returns (1065).
- April 17, 2018, is the filing deadline for 2017 individual (1040), calendar-year corporation returns (1120), and calendar-year fiduciary, trust and estate returns (1041).
