IRS TO BEGIN ACCEPTING BUSINESS TAX RETURNS JANUARY 16:
The official start date of tax season for individual taxpayers will be on January 29, but the Internal Revenue Service plans to accept business tax returns as soon as January 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, January 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, January 29, 2024, which is when tax season for individuals will start:
|
Form Number |
Form Name |
|---|---|
|
Form 3468 |
Investment Credit |
|
Form 3800 |
General Business Credit |
|
Form 7207 |
Advanced Manufacturing Credit |
|
Form 7210 |
Clean Hydrogen Production |
|
Form 8835 |
Renewable Electricity Production Credit |
|
Form 8933 |
Carbon Oxide Sequestration Credit |
|
Form 8936 Schedule A |
Clean Vehicle Credit |
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.
