The Internal Revenue Service announced that the nation’s tax season will start on Friday, February 12, 2021, when the tax agency begins accepting and processing 2020 individual tax returns.
There are so many changes to federal and state taxes and many more. We are working through those updates and changes and how they will apply on the tax forms, disclosures, and reconciliations while navigating different rules to process 2020 tax returns.
More information is available on the IRS webpage at https://www.irs.gov/newsroom/2021-tax-filing-season-begins-feb-12-irs-outlines-steps-to-speed-refunds-during-pandemic.
Reach out to us with any questions.
Happy 2021 Tax Filing!