Tax Commission News Release
Businesses get income tax refunds faster when they e-file
BOISE, IDAHO — March 3, 2014 — As businesses prepare to file their federal income tax returns by the March 15 IRS due date, they should also consider filing their state business income tax returns electronically at the same time, according to the Idaho State Tax Commission.
The Tax Commission’s website, tax.idaho.gov, features approved software developers that offer electronic filing for Idaho’s corporation, S corporation, and partnership tax returns. To get a list of providers, click on the “Business income tax e-filing” link under “Quick Picks” on the home page.
“The software providers charge different fees and offer different levels of services for e-filing state and federal returns, so businesses should compare the offers to see which one best serves their needs,” said Doreen Warren, Revenue Operations division administrator for the Tax Commission.
She added, “E-filing state returns can be very efficient for tax preparers who are required to e-file federal returns. If their current tax software doesn’t support business e-filing for Idaho, they should ask their software company to add an e-file option for Idaho returns.”
Electronic filing saves paper and mailing costs, and it allows businesses to get their refunds faster than if they file by paper. The software does the math, and businesses get a confirmation receipt.
Last year about 52 percent of Idaho businesses filed their income tax returns online.
See photo of gigantic business income tax return filed in 2013.