July 9, 2010, Newsletter Issue #226: Corporate E-Filing

Tip of the Week

Corporations with assets of $50 million or above and at least 250 returns are required to electronically file their 1120/1120S income tax returns for tax years ending on or after December 31, 2005. After the first effective year, the requirement will affect corporations that have assets of $10 million or more and have at least 250 returns. Although electronic claims filing is required of certain corporations, others may voluntarily convert to electronic claims filing.

About LifeTips

Now one of the top on-line publishers in the world, LifeTips offers tips to millions of monthly visitors. Our mission mission is to make your life smarter, better, faster and wiser. Expert writers earn dough for what they know. And exclusive sponsors in each niche topic help us make-it-all happen.

Not finding the advice and tips you need on this Taxes Tip Site? Request a Tip Now!


Guru Spotlight
Susan Sayour