A new federal law moves up the W-2 filing deadline for employers and small businesses to Jan. 31. The new law makes it easier for the IRS to find and stop refund fraud. It also delays some taxpayer refunds. Those taxpayers claiming the Earned Income Tax Credit or the Additional Child Tax Credit won’t see refunds until Feb.15, at the earliest.
Here are some key points to keep in mind:
Protecting Americans from Tax Hikes (PATH) Act.
Different from past deadline.
Helps stop fraud or errors.
Some refunds delayed.
File tax returns normally.
Use IRS.gov online tools.
Taxpayers should keep a copy of their tax return. Beginning in 2017, taxpayers may need their Adjusted Gross Income amount from a prior tax return to verify their identity. They can get a transcript of their return at www.irs.gov/transcript.
Courtesy of IRS
For more information contact Neikirk, Mahoney and Smith at 502-896-2999
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