According to the Internal Revenue Service (IRS), the shutdown begins on Saturday, November 30, 2024. The exact time when this shutdown will come into effect will be at 11:59 p.m. Eastern time.
In this way, the IRS can prepare the system for the upcoming Tax Year 2024 Filing Season. Remember that even if the new tax season will be in 2025, it has to do with the 2024 Tax Year.
IRS & Modernized eFile (MeF) Operational Status
For your information, the modernized e-File (MeF) provides both payment and electronic filing options. These options are for Individual, Corporation, Exempt Organization, Employment Tax, Estates, and Trusts, Excise Tax, and Partnership Tax Returns.
The IRS has issued an important note regarding the 1040 MeF Production Shutdown. All citizens need to know that only “Send Submission” for 1040 will be affected by this shutdown.
It will affect both State and Federal submissions. Thus, all the other services, take for example the “Get Acks” or all State services will not be affected at all by this upcoming shutdown. Therefore, taxpayers should be able to carry on using these IRS services. What is more, Business returns (BMF) will not be affected either.
What is the IRS’s Modernized e-File?
Some citizens may still not know what the IRS’s Modernized e-File system is. As a matter of fact, it is a secure electronic filing platform that has been developed by the Internal Revenue Service in the United States.
Through this electronic filing platform tax professionals, businesses and individuals can file their tax returns. The best thing about it is the fact that you can do it comfortably from home.
Besides, it is very efficient and secure. The IRS’s Modernized e-File is much faster than the previous e-file system. Not to mention the fact that it is more accurate. Another feature users highlight is its flexibility. Isn’t it great that it offers access to free tax preparation software from Internal Revenue Service-partnered companies?