Business e-filing rose nearly 10 percent this year, continuing the growth that has seen the number of corporate and partnership e-filed returns double since 2010, the Internal Revenue Service said.
An additional 600,000 corporations and partnerships e-filed returns this year. As of Sept. 21, more than 7 million corporations and partnerships e-filed, an increase of almost 10 percent over the prior year’s total and twice the nearly 3.5 million returns e-filed during the 2010 fiscal year.
About 70 percent of all corporate and partnership returns have been e-filed during 2014.
Large and mid-size corporations (generally those with $10 million or more in total assets) are required to e-file their 1120s or 1120Ss; partnerships with more than 100 partners are also required to e-file returns.
This year, 92,494 large corporations e-filed, an increase of 8.6 percent over the same time in 2013. The greatest growth is by large partnerships: This year, 122,879 large partnerships e-filed, up more than 14 percent from the same time the year before.
E-filing of all corporate returns jumped 9.12 percent, to 4,373,597, and total partnership e-filings jumped 10.71 percent over 2013, to 2,763,198 returns.
