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.

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