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2013 IRS Calendar and Deadlines

These IRS filing deadlines determine when you need to file your 2012 return and pay certain 2013 taxes

January 2013

  • January 10 – Employees who received $20 or more in tips for December 2012 must report them to their employer.
  • January 15 – If you are not paying your 2012 taxes through withholding, you must pay the fourth and final installment of your 2012 estimated tax. However, you don’t have to pay this installment by January 15th if you file your 2012 return by January 31st.
  • January 30 – The IRS starts processing both e-filed and paper 2012 returns.
  • January 31 – If you are required to make estimated tax payments – but did not pay your last installment by January 15th – you can file your 2012 return and pay your tax liability by January 31st to avoid penalties for late payment of the last installment. Continue reading “2013 IRS Calendar and Deadlines”
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IRS Moves Start of Tax Season Forward to January 30th!

It’s official: January 30th will be the first day to e-file taxes in 2013!

Well, this was hardly a surprise. The IRS  announced Tuesday that it was kicking forward the opening of the 2013 tax season to Wednesday, Jan 30th. That’s a full eight days later than the previously announced January 22nd marker, which was itself set five days past the Jan 17 date on which the 2012 season began.

It would be cheap, at best, to blame the Taxman. After the protracted end of year mess in Washington, the agency could hardly have been expected to have all its t’s crossed and its many i’s dotted by mid-month. For anyone in need of a reminder, legislation to pull the nation off the fiscal cliff was only passed on the second day of the year!

“We have worked hard to open tax season as soon as possible,”  said IRS Acting Commissioner Steven Miller in a statement issued Tuesday.. “This date ensures we have the time we need to update and test our processing systems,” he added.

So when does tax season start in 2013? The old 22nd date, on which e-filing was set to begin, left open the option of paper filing your tax return hours after the din of the fireworks had died down, which is to say on Jan 1st. This will not be possible this time around.

Instead, both e-file and paper filing will have to wait for the end of January’s opening bell, further reducing the incentive to paper file. In the IRS’s estimate, more than 80 million taxpayers filed online last year. This is a number the agency’s brass is intent on increasing.

Starting Jan 30, the large majority of taxpayers, or roughly 120 million households, will be able to file their tax return, whether they go online or put pencil to paper. The rest, notably those claiming residential energy and some business credits, will have to wait longer, until late February and possibly into March.

Photo via Scott S on Flickr.

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Do I Have to File a Mississippi Income Tax Return?

Find out if you have to file a Mississippi income tax return when you file your federal

As if filing a federal tax return weren’t complicated enough, the states have to go and add their own tax forms on top of it.

Oftentimes the most complicated thing about state taxes is figuring out whether you have to file at all. There are two different types of state tax returns you have to look out for: resident and nonresident returns.

If you are a Mississippi resident, then you have to file a Mississippi return. This return will tax you on all of your income, no matter where it was earned.

If you moved during the year either into or out of Mississippi, you will have to file a part-year resident return that taxes you on all of your income for the portion of the year that you were a Mississippi resident. You will also have to file a part-year resident return in the state that you moved to/from. Continue reading “Do I Have to File a Mississippi Income Tax Return?”