Daily Tax Report ®

Tax Season Is Coming and It Might Be as Chaotic as Last Year (1)

Jan. 17, 2020, 3:54 PM

Filing taxes last year was a nightmare for taxpayers, their accountants and the Internal Revenue Service. This year might not be much better.

The IRS is still working to issue guidance for the changes to the tax code signed into law more than two years ago. Congress also passed a series of tax breaks late last year that will require the IRS and tax software providers to revise forms at the last minute, and taxpayers may have to amend returns from prior years to claim those breaks.

It also could be another disappointing year for taxpayers expecting a hefty refund....

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