Warning of Delayed Start to Tax Season Still Raising Questions: Wolters Kluwer, CCH Provides Analysis, Tax Prep Guidance

(RIVERWOODS, ILL., October 24, 2013) – The impact of the recent federal government shutdown is being felt by the Internal Revenue Service (IRS) which announced that the beginning of the 2014 tax filing season will be delayed by up to two weeks. At this point, the IRS says it will not accept or process individual tax returns before January 28 of next year – tax season was scheduled to start on the 21st and an official start date will not be announced until December. CCH, a part of Wolters Kluwer and a leading global provider of tax, accounting and audit information, software and services (CCHGroup.com), offers expert insight, analysis and guidance regarding the IRS’s latest announcement.

“Because it’s still unclear when taxpayers can begin filing returns, many questions remain over how significantly the government closure is impacting the IRS,” said CCH Principal Federal Tax Analyst, Mark Luscombe, JD, LLM, CPA. “In announcing that a two-week delay is possible, it also leaves open the door that the season may start sooner or close to on-time if all the IRS systems tests check out. Those who look forward to getting their returns done early need to closely monitor developments over the next several weeks so they don’t get caught off guard on tax preparations.”

Tax Planning Guidance

Year-end tax planning is always complicated by the number of changes that have occurred throughout the year and 2013 is no exception. The new CCH Tax Briefing: 2013 Year-End Tax Planning explores some of the 2013 year-end planning opportunities available to taxpayers, especially as the result of provisions that are new-for-2013 and those that, at the moment, are scheduled to expire after this year.

Full details on year-end tax planning are available by visiting: CCH Tax Briefing: 2013 Year-End Tax Planning .

Members of the press interested in speaking with Mark Luscombe for further analysis about the delayed tax season announcement or on other federal tax issues should contact Eric Scott at 847-267-2179 or eric.scott@wolterskluwer.com.

And a full range of recent CCH Tax Briefings covering significant developments is also available by visiting CCHGroup.com/Legislation.

About CCH, a part of Wolters Kluwer

CCH, a part of Wolters Kluwer (CCHGroup.com) is a leading global provider of tax, accounting and audit information, software and services. It has served tax, accounting and business professionals since 1913. Among its market-leading solutions are The ProSystem fx® Suite, CCH Axcess™, CCH® IntelliConnect®, Accounting Research Manager® and the U.S. Master Tax Guide®. CCH is based in Riverwoods, Ill. Follow us on Twitter @CCHMediaHelp. Wolters Kluwer (www.wolterskluwer.com) is a market-leading global information services company. Wolters Kluwer is headquartered in Alphen aan den Rijn, the Netherlands. Its shares are quoted on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices

 

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Wolters Kluwer Tax and Accounting

Wolters Kluwer Tax and Accounting is a leading provider of software solutions and local expertise that helps tax, accounting, and audit professionals research and navigate complex regulations, comply with legislation, manage their businesses and advise clients with speed, accuracy and efficiency. Wolters Kluwer Tax and Accounting is part of Wolters Kluwer N.V. (AEX: WKL), a global leader in information services and solutions for professionals in the health, tax and accounting, risk and compliance, finance and legal sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialized technology and services. Wolters Kluwer reported 2016 annual revenues of €4.3 billion. The company, headquartered in Alphen aan den Rijn, the Netherlands, serves customers in over 180 countries, maintains operations in over 40 countries and employs 19,000 people worldwide. Wolters Kluwer shares are listed on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. Wolters Kluwer has a sponsored Level 1 American Depositary Receipt program. The ADRs are traded on the over-the-counter market in the U.S. (WTKWY).

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