Monthly Archives: January 2015

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  Tax Season 2015 – Refunds Maybe Delayed but Fewer Audits are Predicted Significant budget cuts at the IRS are likely to affect many taxpayers this tax season. The IRS expects that the budget cuts, which started in 2010, will put over 17,000 IRS workers out of a job before they are finished. It is estimated that, this year alone, the IRS will see 3,000 to 4,000 employee cuts before June. On the negative side, these cuts may result in delayed tax refunds and will make IRS workers less available to communicate with individuals and business owners who have questions. … Click to Read More

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IRS – Opening Date for Tax Season 2015 – In spite of the fact that the tax extenders bill, a major piece of tax legislation, was passed just weeks before the end of the year, the Internal Revenue Service has announced that there will be no delay to the opening of the 2015 tax season. The official opening date for individual returns has been set as Tuesday, January 20th, 2015 which is actually 10 or 11 days earlier than that of previous years. In addition, rather than a tiered opening, the new legislation allows taxpayers who are submitting paper returns … Click to Read More