Business Tax Filing Opens January 15, 2025
Tax season is just around the corner, and the IRS has officially announced that it will begin accepting business tax returns at 9:00 AM Eastern Standard Time on Tuesday, January 15, 2025. This marks the start of the filing season for businesses, providing an opportunity to get a jump start on meeting important tax obligations.
Here are some key points to keep in mind:
File Early: Filing as early as possible helps to avoid last-minute stress and potential delays. Plus, if you're expecting a refund, filing early means you may receive it sooner.
Prepare Your Documents: Now is the time to gather and organize your financial records, including income statements, expense reports, and any necessary forms like 1099s or W-2s.
Check for Changes: Stay updated on any new tax laws or changes that may impact your return. This year, there are several adjustments to watch for, so consult with your tax professional or trusted resources to ensure compliance.
Choose E-Filing: Electronic filing is faster, more secure, and often results in quicker processing. The IRS also recommends using direct deposit for the fastest refund experience.
Business owners and tax professionals alike should take advantage of the time leading up to January 15 to ensure a smooth and stress-free filing process. By staying proactive and organized, you can set your business up for success in 2025.
Need more information?
Visit the IRS Modernized e-File (MeF) Status page for more details.
Ready, set, file! Let’s make this tax season your most efficient yet.
Disclaimer: This article is for informational and educational purposes only and does not constitute legal tax advice. Advanced Tax Solutions is not liable or responsible for any damages resulting from or related to your use of this information. It is your responsibility to refer to official IRS documentation for information regarding any tax laws or tax information shown here.
