Tax Season is Coming! The IRS Wants You to "Get Ready"

Everyone's favorite time of year is fast approaching. Yes, it is almost tax season! To make sure you are prepared the IRS has created a new site with info and links: http://IRS.gov/GetReady

The IRS wants you to be proactive with these issues:

  • Individual Tax Identification Number (ITIN): Your ITIN could expire on Dec. 31, 2016 if you haven't used that number at least once between 2013-2015 OR if the middle digits include 78 or 79. Renew your ITIN now.
  • Refunds: If you claim Earned Income Tax Credit or the Additional Child Tax Credit, the IRS cannot release your refund until Feb. 15, 2017.
  • Adjusted Gross Income (AGI): If you are using a new tax software product, you may need your 2015 Adjusted Gross Income figure (1040 line 37; 1040A line 21; 1040EZ line 4)
  • Protecting Taxpayers: The IRS has upgraded its identification process for online tools. Register for certain online self-help tools before filing.
  • IRS Help: IRS Taxpayer Assistance Centers will offer appointment service by Dec. 2106. Online and telephone assistance is offered by the IRS. Local IRS locations:

 

 

Reference blog categories: