IRS Extends Deadline for Filing

Recently the IRS announced that the deadline for filing 2006 tax returns, or paying any taxes that are due, would be pushed to April 17th. The extension was made because the 15th falls on a Sunday, and the 16th is a holiday in the District of Columbia. Originally the extended deadline only applied to the District of Columbia and six other states that are served by the Massachusetts processing facility. However, this year the April 17th deadline will apply to everyone. For more information check out AccountingWeb.

IRS Sets Processing Date

Beginning on February 3rd, the IRS will begin processing tax returns that claim deductions for state and local sales taxes, higher education tuition fees, and educator expenses referred to as the "extender" provisions. The IRS had previously announced that there would be a delay in processing returns with such deductions. Most taxpayers do not claim any of these extender provisions and should not be affected. People are welcome to submit their returns at any time, however they will not be processed until February 3rd. Any tax return that does not claim these deductions will be processed as normal. For more details, visit IRS.gov.