The nation’s tax season officially begins on Monday, January 23, 2017.   That is when the IRS will begin accepting electronic tax returns and processing paper tax returns.  While many software companies and tax professionals will be accepting tax returns before Jan. 23, they cannot actually submit your return until the IRS systems open.

According to the December 9, 2016 newsletter, the IRS expects more than 153 million individual tax returns to be filed in 2017.  Four out of five tax returns will be prepared electronically using tax return preparation software.  Certain taxpayers may need to prepare for some significant changes for this tax season, as highlighted below: 

Expect A Longer Wait For Certain......