A tax season delay has been announced for 2014 due to the government shutdown. Reuters reports Oct. 22 that due to complications from the 16-day shutdown, the IRS said tax season will start between Jan. 28 and Feb. 4 instead of on Jan. 21.
The tax season delay hasn't changed the April 15 deadline for all tax forms to be filed. Turnaround time for tax refunds are also the same 21-day time frame, but they'll be sent later due to the 2014 delay.
Why is the IRS putting out this delay? They said the shutdown occurred during a crucial period for preparing computer filing systems for 2014.
"Readying our systems to handle the tax season is an intricate, detailed process, and we must take the time to get it right," said acting IRS commissioner Danny Werfel.
An official date for the start of the 2014 tax season will be revealed in December.
2013 also had a tax delay due to the "fiscal cliff."
The tax season delay gives tax accountants less time to prepare returns and forces lower-income filers to wait longer for their refunds. An estimated 18 million people file taxes in January.