MONDAY, JANUARY 17, 2011
Lori Rademacher, Expert Tax Solutions, Inc., January 17, 2011
Well it’s that time again to turn our thoughts to taxes and what it will mean for your family this year! What’s New This Year….
The IRS has announced that this year your taxes will need to be filed by Monday April 18th instead instead of the traditional April 15th deadline (which would be a Friday). This is being done apparently to accommodate the Emancipation Holiday Observed by the District of Columbia. Whatever the reason, taxpayers now have 3 additional days to worry or work on those taxes! Note that if you need to file an extension, that date is also extended from October 15th to October 17th.
Some Taxpayers will not be able to file their return until mid to late February. For Taxpayers that Itemize, Claim Education credits or claim Educator Expenses the IRS has also changed this filing time. The IRS announced that this is due to late changes from Congress and not having time to develop the software to follow the changes. They hope to be operating as soon as possible but are alerting taxpayers of the delay. See the IRS website at www.irs.gov for further details.
As they new tax year begins, stay informed and as always contact your trusted Tax Accountant for details on these and other changes that have been enacted for Tax Year 2010.
For more info on Expert Tax Solutions, Inc. visit HERE
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