Tuesday, January 2, 2018

Tax Season Uncertainty

Recent tax reform legislation has introduced uncertainty to the beginning of the 2018 tax season. The IRS has yet to declare an opening date for e-filing and approvals for key tax forms are being withheld pending finalization of new regulations. These delays are affecting the entire tax software industry and will require governmental action after the New Year’s holiday to permit any technology providers to progress further toward seasonal readiness.

The Refunds Today team wants you to know that we are continuously monitoring the situation and communicating directly with the IRS to ensure that we are prepared for the start of the filing season. Our teams are ready to handle any necessary changes and support our valued customers to ensure their success this season.

Owing to delays in final passage of the “Tax Cuts and Jobs Act” and pending extenders legislation, we are adjusting estimated availability dates for some forms and e-file types.  The next Refunds Today software updates are scheduled for early January and will enable e-file capabilities. However, IRS approval of new forms will still be required and the Refunds Today forms library will be updated as quickly as possible once we receive those approvals.

We share your concern about these developments and are taking steps to be as responsive as possible to this evolving situation