Obamacare Medical Device Excise Tax Causes Small Business Confusion

Tax Returns Jan. 30? Fiscal Cliff May Delay Your Refund

Tax returns have a new Jan. 30 filing date kickoff, and you can thank the fiscal cliff stalemate if you’ve got to wait a bit longer for your annual refund check.

Tax returns, starting Jan. 30, will be processed by the IRS — but the season is starting eight days later than normal, after wrangling over the fiscal cliff caused the originally-planned tax hikes and spending decreases to throw a wrench into the system for the Internal Revenue Service.

Commissioner Steven T. Miller said in a news release that the tax return date on Jan. 30 will allow about 120 million individual taxpayers to submit their paperwork — no small feat for the agency considering the last-minute agreement reached by Republicans and Democrats as 2013 rolled in.

Miller said in the statement:

“We have worked hard to open tax season as soon as possible … This date ensures we have the time we need to update and test our processing systems.”

How The Fiscal Cliff Deal Affects Small Business With Higher Taxes
Comments