Mandatory e-filing for some corps, exempt organizations.

The IRS will require certain large corporations and tax-exempt organizations to e-file their income tax or annual information returns beginning in 2006.

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For tax year 2005 returns due in 2006, the regulations require corporations with total assets of $50 million or more to e-file Forms 1120 and 1120S. In addition, tax-exempt organizations with total assets of $100 million or more will be required to e-file their tax year 2005 Form 990.

For more, visit www.irs.gov/newsroom/article/0,,id=133977,00.html.

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