The Internal Revenue Service is reminding corporations and partnerships that took extensions to file income tax returns that they have until tomorrow, September 15, to file. The due date applies to any business the fiscal year of which is also the calendar year.
The IRS said it also continues to see strong growth in corporations and partnerships shifting from paper returns to e-filing. As of August 30, more than 6 million corporations and partnerships e-filed returns this year, almost an 8 percent overall increase from the prior year. The IRS had received 78,762 e-filed returns from large partnerships, an 11 percent jump over the same time in 2014.
Most large corporations and partnerships already e-file: Corporations with $10 million or more in total assets are generally required to e-file Forms 1120 and 1120S. Partnerships with more than 100 partners are also generally required to e-file their returns.
E-filing has also shown strong growth this year among businesses not required to use it, the IRS said, adding that it expects to receive millions more e-filed returns by the deadline.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access