MEDIA ALERT – With the 2022 tax filing season starting next week, taxpayers need to be aware of new complexities
, January 20 /Businesswire/ - Wolters Kluwer Tax & Accounting:
What: The Internal Revenue Service (IRS) announced that it will start accepting and processing 2021 tax returns on January 24, 2022, well ahead of the February 12, 2021 date for the last filing season. The filing deadline for individual tax returns will be April 18, 2022, a three-day delay from the usual filing deadline due to weekends and holidays. However, despite the return to a relatively normal filing period, the IRS also warns of significant potential difficulties with the filing season. The IRS encouraged taxpayers to file as soon as possible and to file electronically to help minimize the effects of potential tax season problems.
Why: Factors such as COVID, COVID-related tax legislation, and lack of adequate IRS funding have been mentioned by the IRS as potentially creating problems for the 2022 tax filing season. The following are some of the possible issues affecting taxpayers and tax professionals.
Wolters Kluwer Tax Briefing: Wolters Kluwer Tax & Accounting recently published the 2021 Tax Year-In‑Review expert briefing that highlights tax code changes made in 2021 and provides a look ahead for 2022 and beyond.
Who: Federal tax expert Mark Luscombe, JD, LL.M, CPA, Principal Federal Tax Analyst at Wolters Kluwer Tax & Accounting, is available to discuss issues around the start of tax filing season.
PLEASE NOTE: The content of this article is designed to provide accurate and authoritative information in regard to the subject matter covered. The information is provided with the understanding that Wolters Kluwer Tax & Accounting is not engaged in rendering legal, accounting, or other professional services.
Contact: To arrange interviews with Mark Luscombe and other federal and state tax experts from Wolters Kluwer Tax & Accounting on this or any other tax-related topic, please contact Bart Lipinski.
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