IRS will accept tax business returns beginning 1/13/2014
The IRS announced that it will begin accepting business tax returns on Monday, January 13, 2014 and individual 1040 tax returns on January 31, 2014. The IRS blamed the federal government shutdown for the delaying updating and testing the systems necessary to processing 2013 tax returns. The start applies to both paper and E- filed returns. Business returns include those filling Form 1120, Form 1120S corporations. Form 1065 partnerships and Form 1041, returns filed by trusts and estates. The January 13th start date does not include businesses that report their income on Schedule C, Schedule E and farmers reporting on Schedule F.