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:
Warning to Tax Preparers of New Phishing Scam that is Attempt to Steal Passwords
Aug 8, 2017
IRS Security Summit Launches “Don’t Take the Bait” Education Campaign Aimed at Tax Preparers
Aug 1, 2017
IRS Announces Which ITINs Will Be Expiring at End of 2017 and That They Are Now Accepting Renewal Applications
July 27, 2017
IRS Use of Private Debt Collection Agencies
June 20, 2017
Expired Individual Federal Tax Provisions
May 10, 2017
Reminder to Watch for Phishing Email Schemes
March 22, 2017
IRS Identity Verification Letters
March 1, 2017
Additional Reminders for this Filing Season
February 16, 2017