Corps must e-file in 2007 season.Corporations with total assets of $10 million or more that file at least 250 returns per year are required to e-file For US IRS electronic tax filing, see . EFILE is the system used by the Canada Revenue Agency as a means for electronically transmitting tax returns. EFILE is only available to professional tax prepares and is not to be confused with the publicly available NETFILE. their Forms 1120 for the 2007 filing season. This requirement is in place for large tax-exempt tax-ex·empt adj. 1. Not subject to taxation, as the capital or income of a philanthropic organization. 2. Producing interest that is exempt from income tax: tax-exempt bonds. n. organizations with $50 million in total assets that file at least 250 returns per year--including income, employment tax and information returns, such as forms W-2 and 1099. For more, visit www.irs.gov/businesses/corporations/article/0,,id=146959,00.html. |
|
||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion