Plan for Tax Filing Season Changes

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In an effort to reduce the amount of money paid to identity thieves who file fraudulent returns, the IRS will be implementing changes in the timing and way they handle the processing of tax returns.

These steps will continue to evolve, but recent changes will impact millions who depend on receiving an early refund.

Bullet warning Earlier filing of form W-2s and 1099-MISC. The timing required to send these forms to employees and vendors remains the end of January. However, the extended deadline for filing the electronic version of these forms to the IRS and Social Security Administration is now a full month earlier. This is done to allow the IRS to match records with early filed tax returns. The prior timing gap was ideal for thieves to file fraudulent tax returns.
Bullet warning Earned Income Tax Credit and Additional Child Tax Credit. If you file a tax return that contains either of these credits, do not expect to receive an early refund. The IRS has been mandated to hold these refund payments until February 15th or later. Given the payment backlog this will create, it is still important to file early to get your refund in the queue.
Bullet warning Get Transcript changes. The IRS is now adding a second level of security to their online functions. The initial version of this change is in the recently re-launched Get Transcript online request. You will now need to have a valid email, mobile phone number, and a credit card or financial account number to log into the system. If you are not ready to provide this additional information to the IRS you can still request copies of your tax return using the mail.

Begin planning now to be prepared for these upcoming changes. Rest assured, we can all look forward to further changes as the IRS continues to address the multi-billion dollar identity theft problem plaguing the Agency.