UPDATE February 4, 2013 – The IRS is now accepting some 2012 calendar year business tax returns. Read more on my updated business tax return article.
The IRS announced on January 4, 2013 that e-filing of some 2012 business tax returns is being delayed. This is a result of the late passing of the American Taxpayer Relief Act of 2012. The act included a number of business provisions that affect 2012 which means the IRS needs to update some forms and instructions.
They don’t expect the delay to adversely affect most business tax return filings as most of them are not due until mid March or mid April. Of course, if an extension is filed then the filing deadline is pushed further out to the early fall.
At the moment the IRS will not accept any 2012 tax year business forms (other than Forms 2290 Heavy Highway Vehicle Use Tax Return and 7004 Application For Automatic Extension Of Time To File Certain Business Income Tax, Information and Other Returns). They will also not accept Form 8849, Schedule 3 – Certain Fuel Mixtures and the Alternative Fuel Credit, as well as any forms in the 990 series (Tax Exempt returns).
Starting on January 7, 2013 the IRS will start accepting e-filing of the following forms:
- Fiscal year returns with a year ending prior to 12/31/2012
- All 2011 tax year and 2012 fiscal year business returns
- 2012 Forms 2290
- 2012 Forms 7004
Any forms filed by paper will also not be processed until e-filing is made available for the affected forms.
Disclaimer – This article does not constitute personal tax advice to the reader and is only offering general information. You should seek professional advice for your own situation as the most appropriate tax planning depends on your personal and unique circumstances.