The first day to file taxes for the year 2015 was January 20th, 2016. This date is significant because it marks the official start of the tax filing season. Taxpayers can begin submitting their tax returns to the Internal Revenue Service (IRS) on this day, either electronically or by mail.
The opening of the tax filing season on January 20th allows individuals and businesses to get a head start on fulfilling their tax obligations. It is important to note that the deadline to file taxes for the year 2015 was April 18th, 2016. However, taxpayers have the option to request an extension if they are unable to file their taxes by the deadline.
Here are some frequently asked questions (FAQs) related to the first day to file taxes in 2015:
1. Why is there a specific date to start filing taxes?
The IRS needs time to update their systems and make necessary adjustments for any changes in tax laws before accepting tax returns.
2. Can I file my taxes before the first day?
No, the IRS will not accept tax returns before the official start of the tax filing season.
3. What if I file my taxes before January 20th?
If you electronically submit your tax return before the first day, it will be held by the IRS until the tax filing season officially begins.
4. Can I still file my taxes after the first day?
Yes, you can file your taxes after the first day, as long as it is before the deadline.
5. Are there any advantages to filing early?
Filing early can help you receive your tax refund sooner if you are eligible. It also allows you to avoid the last-minute rush and potential errors due to haste.
6. Will filing early increase my chances of being audited?
No, the timing of your tax return does not affect the likelihood of being audited.
7. Can I file my taxes online on the first day?
Yes, you can file your taxes electronically on the first day using various online tax filing platforms.
8. Is it better to file taxes online or by mail?
Filing taxes online is generally faster and more convenient. It also reduces the chances of making errors as the software guides you through the process. However, some individuals may still prefer to file by mail for personal reasons.
In conclusion, the first day to file taxes for the year 2015 was January 20th, 2016. This date signifies the beginning of the tax filing season, allowing taxpayers to fulfill their obligations to the IRS. It is important to adhere to the tax filing deadline, which was April 18th, 2016, unless an extension is requested. Filing taxes early has its advantages, such as receiving a refund sooner and avoiding last-minute stress. However, taxpayers can still file their taxes after the first day but before the deadline. The most convenient and error-free method is to file taxes online, although mailing your tax return is still an option for some.