You may have recently heard the news that the IRS will not be accepting tax returns until mid-February. While that is true for Individual/Personal tax returns, this does not apply to businesses. This also does not mean you should delay sending your tax information to your tax preparer because we still need time to prepare your return. We also hope that by getting information in early we can avoid a bottleneck situation once the IRS does allow returns to be filed.
So when should you send in your information? It depends on a few factors including the type of return (business or individual?), the information you need to be “ready”, and/or the type of tax forms you are waiting on.