Many large and midsized companies, which are required by the Internal Revenue Service to file their 2005 taxes electronically next year, have not begun preparing for the change, according to a recent poll conducted by Big Four firm KPMG.
More than one-third (35 percent) of respondents from companies covered by the mandate said they had not yet begun to prepare for e-filing. All companies with assets of $50 million or more and which file at least 250 returns annually must electronically file their 2005 taxes in 2006.
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