{"id":1806110,"date":"2023-01-15T07:21:37","date_gmt":"2023-01-15T12:21:37","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1806110"},"modified":"2023-01-15T07:22:38","modified_gmt":"2023-01-15T12:22:38","slug":"irs-announces-start-of-2023-tax-season","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/irs-announces-start-of-2023-tax-season\/","title":{"rendered":"IRS Announces Start of 2023 Tax Season"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">14<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Firs-announces-start-of-2023-tax-season%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1806110&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47-->\n<p>Thursday&#8217;s announcement by the Internal Revenue Service stated that they will accept tax returns for 2022 starting January 23rd and ending April 18th.<\/p>\n<p>In <a href=\"https:\/\/www.irs.gov\/newsroom\/irs-sets-january-23-as-official-start-to-2023-tax-filing-season-more-help-available-for-taxpayers-this-year\">A news release<\/a>, the agency said\u00a0it expects that 168 million individual tax returns will be filed this year, and the \u201cvast majority\u201d Submitted before the April 18 deadline \u201cPeople have three extra days to file this year due to the calendar,\u201d It stated that anyone requesting an extension must file by Oct. 16, according to the law.<\/p>\n<p>The agency used the news release to tout last year\u2019s passage of the Inflation Reduction Act, which Republicans say would allow for the hiring of 87,000 new <a href=\"https:\/\/www.theepochtimes.com\/t-irs\">IRS<\/a> personnel\u2014although Democrats say that such hiring initiatives are needed to deal with IRS backlogs. This week, House GOP lawmakers proposed a bill to cancel that funding.<\/p>\n<p>\u201cThis filing season is the first to benefit the IRS and our nation\u2019s tax system from multi-year funding in the Inflation Reduction Act,\u201d said acting IRS Commissioner Doug O\u2019Donnell in a statement. \u201cWith these new additional resources, taxpayers and tax professionals will see improvements in many areas of the agency this year.\u201d<\/p>\n<p>O\u2019Donnell added that the IRS has \u201ctrained thousands of new employees to answer phones and help people. While much work remains after several difficult years, we expect people to experience improvements this tax season. That\u2019s just the start as we work to add new long-term transformation efforts that will make things even smoother in future years. We are very excited to begin to deliver what taxpayers want and our employees know we could do with this funding.\u201d<\/p>\n<p>According to the release, anyone earning $73,000 or less in 2022 can receive free tax filing services. This includes those who started on January 13th. But those returns won\u2019t be processed until the <a href=\"https:\/\/www.theepochtimes.com\/t-2023\">2023<\/a> According to it, tax season begins in January.<\/p>\n<p>\u201cThese steps took place as the IRS worked for months to prepare for the 2023 tax season. The January 23 start date for individual tax return filers allows the IRS time to perform annual updates and readiness work that are critical to ensuring IRS systems run smoothly,\u201d According to the agency. \u201cThis is the date IRS systems officially begin accepting tax returns. Many software providers and tax professionals are already accepting tax returns; they will transmit those returns to the IRS when the agency begins accepting tax returns on January 23.\u201d<\/p>\n<h2>\u2018Surprise\u2019<\/h2>\n<p>The agency sent a reminder to taxpayers a few weeks back to remind them to avoid &#8220;a&#8221; \u201csurprise\u201d penalty by making\u00a0fourth-quarter estimated tax payments by next week\u2019s deadline of Jan. 17. Americans who didn\u2019t pay enough taxes in 2022 should make that payment on Jan. 17 or before, said the IRS in a news release. If they didn&#8217;t, they could end up paying more in 2023.<\/p>\n<figure id=\"attachment_4813758\" class=\"wp-caption alignnone\"><a href=\"https:\/\/img.theepochtimes.com\/assets\/uploads\/2022\/10\/22\/GettyImages-IRS-1200x799.jpeg\"><img loading=\"lazy\" decoding=\"async\" class=\"lazy size-medium wp-image-4813758\" src=\"https:\/\/www.theepochtimes.com\/assets\/themes\/eet\/images\/white.png\" data-src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/12\/GettyImages-IRS-600x399-1.jpeg\" alt=\"Epoch Times Photo\" width=\"600\" height=\"399\"   style=\"display:none\"><figcaption class=\"wp-caption-text\"><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-4813758\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/12\/GettyImages-IRS-600x399-1.jpeg\" alt=\"Epoch Times Photo\" width=\"600\" height=\"399\" \/><\/noscript><\/figcaption><\/a> Washington, February 19, 2014: The building of the Internal Revenue Service (IRS). (Jim Watson\/AFP\/Getty Images)<\/figure>\n<p>\u201cEither payment method\u2014withholding or estimated tax payments\u2014or a combination of the two, can help avoid a surprise tax bill at tax time and the accompanying penalty that often applies,\u201d The IRS <a href=\"https:\/\/www.irs.gov\/newsroom\/final-2022-quarterly-estimated-tax-payment-due-january-17\"><\/a>.<\/p>\n<p>The IRS states that taxpayers have options. They can withhold taxes from their income. Or they can make estimated payments four to five times per year. Those who don\u2019t make the tax payments owe interest and a penalty of 0.5 percent to the amount owed until up to 25 percent total.<\/p>\n<h2>Other changes<\/h2>\n<p>Under the American Rescue Plan of 2021, a controversial rule was passed that required anyone earning $600 or more through online platforms such as PayPal, Etsy and eBay to report their earnings. The IRS changed its mind just days before the new year.https:\/\/www.theepochtimes.com\/irs-halts-controversial-new-rule-requiring-reporting-of-600-payments_4942931.html&#8221;>announced<\/a> It delayed the reporting rule for at least another year.<\/p>\n<p>Top officials pointed out that reporting requirements caused widespread confusion.<\/p>\n<p>\u201cThe additional time will help reduce confusion during the coming 2023 tax filing season and provide more time for taxpayers to prepare and understand the new reporting requirements,\u201d O\u2019Donnell told the Wall Street Journal.<\/p>\n<p>\u201cThe IRS and Treasury heard a number of concerns regarding the timeline of implementation of these changes under the American Rescue Plan,\u201d O\u2019Donnel told the New York Times. \u201cTo help smooth the transition and ensure clarity for taxpayers, tax professionals, and industry, the IRS will delay implementation of the 1099-K changes.\u201d<\/p>\n<div class=\"author_wrapper\">\n<div class=\"one_author_block round\">\n<div class=\"top_row\">\n\t\t\t\t\t<a href=\"https:\/\/www.theepochtimes.com\/author-jack-phillips\"><img decoding=\"async\" src=\"https:\/\/img.theepochtimes.com\/assets\/uploads\/2019\/06\/13\/Jack-Phillips.jpg\" alt=\"Jack Phillips\" \/><\/a><\/p>\n<div class=\"names\">\n<p>Breaking News Reporter<\/p>\n<\/div>\n<\/div>\n<p>Jack Phillips, a senior reporter at The Epoch Times, is based in New York. He reports on breaking news.<\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Thursday&#8217;s announcement by the Internal Revenue Service stated that they will accept tax returns for 2022 starting January 23rd and ending April 18th. In A news release, the agency said\u00a0it expects that 168 million individual tax returns will be filed this year, and the \u201cvast majority\u201d Submitted before the April 18 deadline \u201cPeople have three &hellip;<\/p>\n","protected":false},"author":1,"featured_media":1785280,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[547],"tags":[8016,4156,5458,8362,3819,5793,3732,8360],"class_list":["post-1806110","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-bongino-report","tag-8016","tag-announces","tag-bongino","tag-irs","tag-report","tag-season","tag-start","tag-tax"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1806110","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1806110"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1806110\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1785280"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1806110"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1806110"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1806110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}