February 7, 2024 - E-Filing Delay
The Tax Relief for American Families and Workers Act, which passed the House on Jan. 31, awaits consideration in the Senate There is strong belief that the bill will pass.
What this means, however, is that there would be retroactive tax law changes which will change the tax returns we are currently working on. The IRS has stated that it takes them about 6 weeks to update their systems once there is a law change.
Therefore, we will be holding any e-filing of tax returns until we have one of two answers:
1. The bill doesn’t pass, Or
2. The bill does pass which we will not be e-filing until the IRS updates their systems, at least after March 1.