IRS Updates

The IRS is granting an extension of the March 1st deadline for farmers and fishermen to make their estimated tax payment before being subject to estimated tax penalties – as long as they file and pay the full amount of tax reported on their 2018 return by April 15, 2019 (or by April 17, 2019, for those taxpayers who live in Maine or Massachusetts). The IRS is providing this relief because, due to certain rule changes, many farmers and fishermen may have difficulty accurately determining their tax liability by the March 1 deadline that usually applies to them. For tax year 2018, an individua...

The IRS began processing all individual returns today, Monday, January 28. As the IRS begins processing returns, acknowledgments may be unpredictable due to the high volume of returns being processed. The IRS strongly encourages people to file their tax returns electronically for faster refunds. Although the IRS is accepting both electronic and paper tax returns starting today, paper returns will begin processing later in mid-February as the IRS continues to update their systems.