You cannot e-file yet. E-filing has not opened. The IRS will not begin to accept e-files until the end of January. If TurboTax opens e-filing sooner, all that will happen with your return is that it will go to sit on a server for a few weeks until the IRS opens.
Employers have until the end of January to send W-2's, there are over a dozen kinds of 1099's that can still arrive in your mail or online in January and February….etc., etc., etc. Many federal and state forms are not yet available; you cannot file until your forms are ready. When you rush to file too soon you risk making mistakes that will put your return under review or that will require you to amend later. Those situations can take months to sort out. And...if you are in a hurry because you are getting child tax credit or earned income credit, the IRS will hold your refund until mid-February because of the PATH act. Every year we see people who rush to file and live to regret their haste. Check the forum a few days after the first filing frenzy to read the posts from people who forgot W-2’s, forgot to enter dependents, forgot to enter Social Security, forgot a 1099 would be coming……and they want to know how to fix their returns—or stop them from going to the IRS.
IF you e-file now, your return will go into “pending” until the IRS starts to accept/reject returns. in late January. You cannot make any changes while the return is on the server.
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
