IRS plans to start tax season on Jan. 29

The agency is anticipating over 128.7 million individual tax returns by the tax deadline, and more of today’s top stories.?

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IRS plans to start tax season on Jan. 29

While Jan. 29 will be the first day that the IRS will begin accepting and processing returns, the IRS noted that taxpayers and tax professionals can start submitting returns before that date.

In other news today:

IRS inaugurates Tax Professional Awareness Week

The Internal Revenue Service will be hosting a Tax Professional Awareness Week starting Monday, Jan. 8.

IRS gives auto dealers more time to submit sales reports for tax credits

The Internal Revenue Service is extending the period for dealers and sellers of so-called "clean" vehicles such as electric cars to submit time-of-sale reports by a few days to qualify for tax credits.

Employers added 216K jobs in December, including 4.4K in accounting

The unemployment rate remained unchanged at 3.7%, the U.S. Bureau of Labor Statistics reported.

On the move: Hantzmon Wiebel adds pair to partnership

Brown Schultz Sheridan & Fritz assumes new name of Brown Plus; FASB appoints six to Not-for-Profit Advisory Committee; and more news from around the profession.

Biden budget director not optimistic Congress can avoid shutdown

The debt ceiling agreement included a side deal that would allow $70 billion in accounting moves to spare agencies most cuts, though $20 billion in cuts to IRS funds may be accelerated.