The official start date of tax season for individual taxpayers will be on Jan. 29, but the Internal Revenue Service plans to accept business tax returns as soon as Jan. 16.
On Wednesday, the IRS said in an email to tax professionals that it will begin accepting all business tax returns at 9:00 a.m. Eastern time on Tuesday, Jan. 16, 2024.
However, due to a number of legislation changes, the agency will not accept a number of forms for tax year 2023 until Monday, Jan. 29, 2024, which is when tax season for individuals will start:
If those forms are submitted with a tax return, the IRS said the return will be rejected. Once the forms are available, they need to be submitted in XML (Extensible Markup Language) format and not as a binary attachment to claim the tax credits for clean energy.
For updates, tax professionals should monitor the IRS’s
Samuel Corum/Bloomberg
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