The IRS on Jan. 4 announced that the 2018 return filing season for individuals would begin on Jan. 29. While both electronic and paper returns would begin to be accepted by the IRS on Jan. 29, the IRS will not process paper returns until mid-February, the IRS stated in a release.
The unextended due date for filing an individual income tax return or extension is April 17, because April 15 falls on a Sunday and April 16 is Emancipation Day, a legal holiday in the District of Columbia. The unextended due date for filing partnership tax returns is March 15, and the unextended due date for filing corporation tax returns is April 17.
It is important for taxpayers to timely file tax returns or extensions and pay tax that is owed. Failure to do so may result in penalties or missed elections. In addition, the extension of time to file a return does not mean the time for paying tax is also extended.
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