Tax Byte
2024 Tax Filing Season Kicks Off January 29, IRS Says
The IRS announced today that the 2024 tax filing season is set to begin on January 29. And what does begin really mean, you ask? (You didn’t.) That’s when the IRS will start accepting and processing 2023 individual tax returns. The IRS will begin accepting business tax returns on January 16, 2024.
IRS Transformation
Notably, the IRS is promising tax pros that they will continue to see significant improvement within the agency as it anticipates more than 128.7 million individual tax returns to be filed by the April 15, 2024, tax deadline. “As our transformation efforts take hold, taxpayers will continue to see marked improvement in IRS operations in the upcoming filing season,” IRS Commissioner Danny Werfel said. “IRS employees are working hard to make sure that new funding is used to help taxpayers by making the process of preparing and filing taxes easier.”
Tax Pro Awareness Week
Additionally, the IRS announced a special Tax Professional Awareness Week beginning today, January 8, 2024. Essentially, the IRS wants to give you all props for your hard work by showing its support for the tax community.
“As the 2024 tax season rapidly approaches, Tax Professional Awareness Week highlights the vital role they play in helping taxpayers and our nation,” Werfel said. “Tax professionals play a critical role in ensuring the integrity of our tax system. We continue to urge taxpayers who need help to reach out to a trusted tax professional, including those who work with recognized national organizations.”
This week, the IRS will focus on several important topics often faced by tax pros through social media posts and outreach materials, which include the following:
- Due diligence issues;
- Electronic filing identification numbers (EFINs);
- Preparer tax identification numbers (PTINs);
- E-file;
- E-Services; and
- Identity theft.
And as for an update this tax season to that PPS line hold music… well, fingers crossed.
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