The IRS announced in IR-2014-119 that the IRS will begin accepting tax returns electronically on Jan. 20. Paper tax returns will begin processing at the same time.

The decisions follows Congress renewing a number of “extenders” provisions of the tax law that expired at the end of 2013. These provisions were renewed by Congress through the end of 2014. The final legislation was signed into law Dec. 19, 2014.

Posted by Theodore H. Waggner, Esq., Associate Editor, Wealth Strategies Journal