Stockpiling Your Clients’ Tax Returns Ok’d By IRS

In light of the recent tax law changes and delays as a result of those tax law changes, the IRS has said it’s fine to stock pile your customer’s tax returns and submit them “early.” By early, that means you can prepare and submit them on January 22nd, and they will sit there until the IRS begins accepting e-filed returns.

Recently, in the last couple days, new form revisions have been released and applied to your software. Assuming you have had these updates applied (manually on a desktop software) you can now print the forms and signature pages as well.

Do not be confused, nothing will be accepted by the IRS until the 30th or later but you can prepare and send them starting on January 22nd.

If you are on a desktop platform and you have not been updated, please call the office at (866) 357-2052. If you are on an online software platform, your updates and defaults have gone through automatically. If you had prepare returns before them, you might need to adjust a few things, but any new returns will have all the proper defaults set.  Also, many state forms have been release as of today: AR v1, GA v1, IA v1, ID v1, KS v1, KY v1, MA v1, MD v1, ME v1, ND v1, OK v1, OR v1, PA v1, RI v1, TX v1, UT v1, WI v1.

Tax season is so close, I can smell it, and it smells like ramen noodles.