The IRS has announced that it will begin the 2022 tax season for 2021 tax returns on January 24, 2022. This will mean that returns that are able to be e-filed will start to be accepted. While individual tax returns are due on April 18 this year as no extensions have been announced, tax returns for businesses that are not considered sole proprietors, are due on March 15 to avoid non-filing penalties. The IRS has a long backlog due to covid resource restraints which means that return processing can be delayed which also includes refund issuances.
Disclaimer: This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult a tax, legal and accounting advisors before engaging in any transaction or submitting any IRS form.
Ramin Mohammad
Ramin Mohammad is a lawyer and CPA with over 15 years of experience including working in audits, teaching, and in big law. Ramin helps clients on both personal and business related tax issues ranging from a multitude of practice areas including tax structuring, planning and cross jurisdictional taxes. His client-base expands throughout the US and overseas offering tax consulting, tax planning and tax preparation.