Trending

Filed under: News

 

IRS Announces Start Date To 2014 Business Tax Season

Dec 20 2013, 2:51pm CST | by

IRS Announces Start Date To 2014 Business Tax Season
Photo Credit: Forbes
 
 
 

The Internal Revenue Service is on a roll! After announcing that the 2014 tax season would open on January 31, 2014, for individual taxpayers, the IRS has now announced that they will begin accepting 2013 business tax returns on Monday, January 13, 2014. This start date applies to both electronically-filed and paper-filed returns.

Business tax returns include any return that posts on the IRS Business Master File (BMF). Those BMF returns include a variety of income tax and information returns including:

  • Federal form 1120 (corporations)
  • Federal form 1120S (S corporations)
  • Federal form 1065 (partnerships or entities taxed as partnerships)
  • Federal form 1041 (trusts and estates)
  • Federal form 720 (excise)
  • Federal form 940 (FUTA)
  • Federal form 941 (FICA)
  • Federal form 2290 (Heavy Highway Vehicle Use Tax)

Corporate returns are generally due on March 15 but since March 15 falls on a Saturday in 2014, the due date for forms 1120 and forms 1120S will be March 17, 2014.

Partnership returns and certain trusts and estates returns are due on April 15, 2014.

The January 13, 2014, start date does not apply to businesses that report their income on a federal form 1040. That includes sole proprietors who file a Schedule C, landlords who file a Schedule E and farmers who file a Schedule F. It also does not apply to business taxpayers who have elected to be treated as a disregarded entity for federal taxpayers. The start date for those filers – as well as all other 1040 filers – is January 31, 2014.

I’ll have more on tax season deadlines and announcements as tax season nears. Check back in for the latest details.

Want more taxgirl goodness? Pick your poison: You can receive posts by email, follow me on twitter (@taxgirl) hang out with me on Facebook and check out my YouTube channel. You can also subscribe to the podcast on the site or via iTunes (it’s free).

Source: Forbes

You Might Also Like

Updates

Shopping Deals

 
 
 

<a href="/latest_stories/all/all/31" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.

 

 

Comments

blog comments powered by Disqus

Latest stories

Coachella 2014 in full swing with the performances of Roddy Walston &amp; The Business
Coachella 2014 in full swing with the performances of Roddy Walston & The Business
Hundreds of people had gathered at the Outdoor Theatre and enjoyed singles such as “Heavy Bells,” from its 2013 album and “Essential Tremors.”
 
 
Alexis Bledel and Vincent Kartheiser are finally opening up about their relationship after engagement
Alexis Bledel and Vincent Kartheiser are finally opening up about their relationship after engagement
Costar Jon Hamm says the two lovebirds had no clue where it was heading but to others their on-set chemistry was unmistakable
 
 
Shroud of Turin may not be a Fake after All
Shroud of Turin may not be a Fake after All
The Shroud of Turin may be the most famous sacred relic in the world. And it may not be a fake after all.
 
 
NBA: Wizards Beat Bulls 102-93, Take 1-0 Lead in First-Round Series
NBA: Wizards Beat Bulls 102-93, Take 1-0 Lead in First-Round Series
The Washington Wizards beat the Chicago Bulls 102-93 on April 20 to seize homecourt advantage and take a 1-0 lead in their best-of-seven first-round playoff series.
 
 
 

The Hottest Photos of Victoria's Secret Fashion Show 2013

 

Viral Stories the Web