Electronic filing for business tax returns starts next week

Businesses can begin filing tax returns electronically next week, the IRS said Tuesday.

Acceptance of returns will begin Tuesday, Jan. 13 at 9 a.m. ET, the IRS said in an alert. Starting Jan. 18, five types of business tax returns will be available for filing through the Modernized eFile (MeF) system:

• Form 1042, Annual Withholding Tax Return for U.S. Source Income of Foreign Persons.
• Form 1120-H, U.S. Income Tax Return for Homeowners Associations.
• Form 709, United States Gift (and Generation-Skipping Transfer) Tax Return.
• Form 709-NA, United States Gift (and Generation-Skipping Transfer) Tax Return of Nonresident Not a Citizen of the United States.
• Form 1041, U.S. Income Tax Return for Estates and Trusts.

The tax filing season for individuals typically starts in late January.

Taxpayers can monitor the MeF Status page on IRS.gov for updates.

— To comment on this article or to suggest an idea for another article, contact Martha Waggoner at Martha.Waggoner@aicpa-cima.com.