Warning of Delayed Start to Tax Season Still Raising Questions: Wolters Kluwer, CCH Provides Analysis, Tax Prep Guidance
RIVERWOODS, Ill., Oct. 24, 2013 /PRNewswire/ -- The impact of the recent federal government shutdown is being felt by the Internal Revenue Service (IRS) which announced that the beginning of the 2014 tax filing season will be delayed by up to two weeks. At this point, the IRS says it will not accept or process individual tax returns before January 28 of next year – tax season was scheduled to start on the 21st and an official start date will not be announced until December. CCH, a part of Wolters Kluwer and a leading global provider of tax, accounting and audit information, software and services (CCHGroup.com), offers expert insight, analysis and guidance regarding the IRS's latest announcement.
"Because it's still unclear when taxpayers can begin filing returns, many questions remain over how significantly the government closure is impacting the IRS," said CCH Principal Federal Tax Analyst, Mark Luscombe, JD, LLM, CPA. "In announcing that a two-week delay is possible, it also leaves open the door that the season may start sooner or close to on-time if all the IRS systems tests check out. Those who look forward to getting their returns done early need to closely monitor developments over the next several weeks so they don't get caught off guard on tax preparations."
Tax Planning Guidance
Year-end tax planning is always complicated by the number of changes that have occurred throughout the year and 2013 is no exception. The new CCH Tax Briefing: 2013 Year-End Tax Planning explores some of the 2013 year-end planning opportunities available to taxpayers, especially as the result of provisions that are new-for-2013 and those that, at the moment, are scheduled to expire after this year.
Full details on year-end tax planning are available by visiting: CCH Tax Briefing: 2013 Year-End Tax Planning .
Members of the press interested in speaking with Mark Luscombe for further analysis about the delayed tax season announcement or on other federal tax issues should contact Eric Scott at 847-267-2179 or firstname.lastname@example.org.
About CCH, a part of Wolters Kluwer
CCH, a part of Wolters Kluwer (CCHGroup.com) is a leading global provider of tax, accounting and audit information, software and services. It has served tax, accounting and business professionals since 1913. Among its market-leading solutions are The ProSystem fx® Suite, CCH Axcess™, CCH® IntelliConnect®, Accounting Research Manager® and the U.S. Master Tax Guide®. CCH is based in Riverwoods, Ill. Follow us on Twitter @CCHMediaHelp. Wolters Kluwer (www.wolterskluwer.com) is a market-leading global information services company. Wolters Kluwer is headquartered in Alphen aan den Rijn, the Netherlands. Its shares are quoted on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices.
SOURCE CCH, a part of Wolters Kluwer