Saturday, December 21, 2013

2014 Tax Season to Open Jan. 31; e-file Can Speed Refunds

According to the IRS website on December 18th, the Internal Revenue Service announced plans to open the 2014 filing season on Jan. 31 and encouraged taxpayers to use e-file as the fastest way to receive refunds.

The new opening date for individuals to file their 2013 tax returns will allow the IRS adequate time to program and test its tax processing systems. The annual process for updating IRS systems saw significant delays in October following the 16-day federal government closure.

“Our teams have been working hard throughout the fall to prepare for the upcoming tax season,” IRS Acting Commissioner Danny Werfel said. “The late January opening gives us enough time to get things right with our programming, testing and systems validation. It’s a complex process, and our bottom-line goal is to provide a smooth filing and refund process for the nation’s taxpayers.”

The government closure meant the IRS had to change the original opening date from Jan. 21 to Jan. 31, 2014. The 2014 date is one day later than the 2013 filing season opening, which started on Jan. 30, 2013, following January tax law changes made by Congress on Jan. 1 under the American Taxpayer Relief Act (ATRA). The extensive set of ATRA tax changes affected many 2012 tax returns, which led to the late January opening.

The IRS noted that several options are available to help taxpayers prepare for the 2014 tax season and get their refunds as easily as possible. New year-end tax planning information has been added to IRS.gov this week.

The October closure came during the peak period for preparing IRS systems for the 2014 filing season. Programming, testing and deployment of more than 50 IRS systems is needed to handle processing of nearly 150 million tax returns. Updating these core systems is a complex, year-round process with the majority of the work beginning in the fall of each year.

About 90 percent of IRS operations were closed during the shutdown, with some major work streams closed entirely during this period, putting the IRS nearly three weeks behind its tight timetable for being ready to start the 2014 filing season. There are additional training, programming and testing demands on IRS systems this year in order to provide additional refund fraud and identity theft detection and prevention.

Lithonia Location

Magic Tax Solutions is now only located at 3275 Snapfinger Road, Suite B in Lithonia, GA 30038. The Riverdale location is no longer open. We encourage all of our clients to contact us at our Lithonia location for the upcoming tax season.  We now offer a new streamlined process where you can send us your w2 and other tax related forms via text message, email or fax.

Revamped Magic Tax Website

Visit our new website at www.MagicTaxSolution.com and see what we've done.

Saturday, February 9, 2013

2 LOCATIONS TO SERVE YOU

Magic Tax Solutions has two locations to serve you. We are located at 6728 Hwy 85, Suite J in Riverdale, Georgia & at 3275 Snapfinger Road in Lithonia, Georgia.

Unlike other tax offices that will get you the minimum, Magic Tax Solution specializes in maximizing your return. Taxes can be complicated, Magic Tax makes it easy.

Magic Tax Dancer Gets Traffic Attention