Tuesday, April 17, 2018

E-file Deadline April 17th Midnight EST


We strongly encourage you to transmit your e-files at least two hours before the midnight (midnight Eastern time) deadline.

The nation’s tax deadline will be April 17 this year – so taxpayers will have two additional days to file beyond April 15. 

As the April 17th deadline approaches, the processing volume at the IRS will increase daily. Both return volume and return size will affect processing time. While you are accustomed to receiving your Federal acknowledgements within a one hour time-frame, that turnaround time will increase as the deadline approaches. You may see your acknowledgements take from 2 to 4 hours, and possibly longer.

This is why we suggest that you send returns periodically throughout the day. This will help spread out the volume and also help eliminate some of the 'deadline rush' which also impacts IRS processing.

Taxpayers have until Tuesday, April 17, 2017 to file their 2017 returns and pay any taxes due. The deadline is later this year due to several factors. The usual April 15 deadline falls on Sunday this year, which would normally give taxpayers until at least the following Monday. However, Emancipation Day, a D.C. holiday, is observed on Monday, April 16, giving taxpayers nationwide an additional day to file. By law, D.C. holidays impact tax deadlines for everyone in the same way federal holidays do. Taxpayers requesting an extension will have until Monday, Oct. 15, 2018 to file.

For calendar year Estates and Trusts, file Form 1041 and Schedule(s) K-1 on or before April 17, 2018.  For fiscal year estates, file Form 1041 by the 15th day of the 4th month following the close of the tax year. For example, an estate that has a tax year that ends on June 30, 2018, must file Form 1041 by October 15, 2018. If the due date falls on a Saturday, Sunday, or legal holiday, file on the next business day.

Saturday, January 27, 2018

Refunds Today Timeline for This Weekend and Early Next Week



To keep all our customers aware of upcoming events, below is a list of upcoming Refunds Today and IRS activities for the next few days. 

Friday – January 26th 


IRS Early Participation – HUB Testing 
§ HUB testing will shut down today (1/26/18) at 5PM EST. 
§ No acknowledgements will be received after 5PM until the IRS officially opens for the 2018 tax season on Monday January 29th. 

Monday – January 29th 

2018 Tax Filing Season Begins 
§ Starting on January 29th, the IRS will be accepting e-filed individual tax returns. 

Wolters Kluwer’s Electronic Filing Center (EFC) Maintenance 
§ January 30th, the EFC will be undergoing scheduled maintenance between 10PM to 2AM EST 
§ E-filing returns will still be accepted, but no acknowledgements will be processed. When the maintenance window has finished, acknowledgements will begin processing again. 
§ The Alternate Prep Solution through Refunds Today Desktop will be available during this maintenance window, however, transmission of returns to Refunds Today Online will not be available until maintenance is complete. 

Tuesday – January 30th 

  Refunds Today Online Maintenance 
§ Refunds Today Online will be performing maintenance on January 30th from 5AM to 9AM EST. 
§ Starting at 5AM, Refunds Today Online will be unavailable while maintenance is being completed. 

Tuesday, January 16, 2018

Refunds Today will soon start accepting 1040 e-files / early participation

Federal & State Individual Returns


We will begin accepting 1040 e-files into our Electronic Filing Center Wednesday, January 17th 2017 at approximately 6:00am EST.

Most e-filed returns submitted will be held until the IRS MeF system opens on January 29th.

Refunds Today does participate in the controlled release process with IRS. As such, a small number of returns may be transmitted to IRS, and customers may see real acknowledgements/rejects as a result. There is no guarantee that returns sent to our EFC will be transmitted to IRS early.

Banks


As soon as we receive acks back from the IRS, we will process any associated bank apps and send them to the appropriate banks.

Program Updates


Please ensure you have fully updated Refunds Today, as well as all applicable modules prior to creating and submitting e-files.

Friday, January 5, 2018

2018 Tax Filing Season Begins Jan. 29, Tax Returns Due April 17



WASHINGTON ― The Internal Revenue Service announced today that the nation’s tax season will begin Monday, Jan. 29, 2018 and reminded taxpayers claiming certain tax credits that refunds won’t be available before late February.

The IRS will begin accepting tax returns on Jan. 29, with nearly 155 million individual tax returns expected to be filed in 2018. The nation’s tax deadline will be April 17 this year – so taxpayers will have two additional days to file beyond April 15.

Many software companies and tax professionals will be accepting tax returns before Jan. 29 and then will submit the returns when IRS systems open. Although the IRS will begin accepting both electronic and paper tax returns Jan. 29, paper returns will begin processing later in mid-February as system updates continue. The IRS strongly encourages people to file their tax returns electronically for faster refunds.

The IRS set the Jan. 29 opening date to ensure the security and readiness of key tax processing systems in advance of the opening and to assess the potential impact of tax legislation on 2017 tax returns.

The IRS reminds taxpayers that, by law, the IRS cannot issue refunds claiming the Earned Income Tax Credit (EITC) and the Additional Child Tax Credit (ACTC) before mid-February. While the IRS will process those returns when received, it cannot issue related refunds before mid-February. The IRS expects the earliest EITC/ACTC related refunds to be available in taxpayer bank accounts or on debit cards starting on Feb. 27, 2018, if they chose direct deposit and there are no other issues with the tax return.    The IRS also reminds taxpayers that they should keep copies of their prior-year tax returns for at least three years. Taxpayers who are using a tax software product for the first time will need their adjusted gross income from their 2016 tax return to file electronically. Taxpayers who are using the same tax software they used last year will not need to enter prior-year information to electronically sign their 2017 tax return. Using an electronic filing PIN is no longer an option. Taxpayers can visit IRS.gov/GetReady for more tips on preparing to file their 2017 tax return.

April 17 Filing Deadline  

The filing deadline to submit 2017 tax returns is Tuesday, April 17, 2018, rather than the traditional April 15 date. In 2018, April 15 falls on a Sunday, and this would usually move the filing deadline to the following Monday – April 16. However, Emancipation Day – a legal holiday in the District of Columbia – will be observed on that Monday, which pushes the nation’s filing deadline to Tuesday, April 17, 2017. Under the tax law, legal holidays in the District of Columbia affect the filing deadline across the nation.

The IRS also has been working with the tax industry and state revenue departments as part of the Security Summit initiative to continue strengthening processing systems to protect taxpayers from identity theft and refund fraud. The IRS and Summit partners continued to improve these safeguards to further protect taxpayers filing in 2018.


For more info please visit:
https://www.irs.gov/newsroom/2018-tax-filing-season-begins-jan-29-tax-returns-due-april-17-help-available-for-taxpayers