December 7, 2016
The following are changes to areas of the federal tax law that will affect 2016 federal income tax returns for the upcoming 2017 filing season.
Delay in Refunds for Federal returns claiming EITC or Additional Child Tax Credit
Beginning with the 2017 filing season, refunds for tax returns that claim EITC or the Additional Child Tax Credit will be held until February 15.
Therefore, any return that claims one of these credits that is prepared in the early part of the filing season will not be deposited until just after February 15 instead of in the normal timeframe.
See the IRS news release IR-2016-152 of November 22, 2016 for further information on this delay in refunds.
Earned Income Tax Credit (EITC)
Child Tax Credit and American Opportunity Education Credit
Due Dates for Federal Corporate and Partnership Returns
The due dates for federal C Corporations and Partnership returns have been changed as follows:
Revised 2018 Schedule A due to Tax Cuts and Jobs Act Changes to Itemized Deductions
August 29, 2018
2018 Expansion of Preparer Due Diligence Requirements
August 8, 2018
IRS Accepting Renewal Applications for ITINs Expiring at End of 2018
July 25, 2018
IRS Tax Security 101 Campaign for Preparers
July 18, 2018
Form 1040 Redesign
July 11, 2018
Recent Scams Targeting Preparers and Taxpayers to be Aware Of
June 6, 2018