New Tax Law Pushes Back Deadline
The IRS just announced an extension on filing your 2010 income tax return from April 15 to April 18. Read on to learn why.
It's a new year, so you know what that means? Yes, it's getting close to tax time! While it's unlikely you've even started to think about your taxes yet, the IRS just announced that they've extended the tax deadline from the famous April 15 to April 18.
IRS Tax Deadline Extended: Why?
We're not complaining about an extra three days, but why did the IRS opt to extend the deadline so early? The reason is twofold: April 15 is apparently a holiday – Emancipation day in Washington D.C. -- and the IRS is updating software that will delay income tax processing. The IRS normally begins processing refunds in January, but an internal software update resulting from the latest tax legislation is pushing the start dating back to late February this year, according to Reuters.
IRS tax extension details
Taxpayers who opt to extend their filing deadline will have until Oct. 17, 2011 to file their tax returns, the IRS said.
You can get all the latest news on the IRS tax extension and current documents on the official IRS website. The IRS is already updating the site with the latest information regarding filing, extension and updated tax forms.
Will you take advantage of the later tax filing deadline?
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