The Internal Revenue Service is encouraging more midsized companies to file their corporate returns electronically as the Sept. 17 deadline approaches for calendar-year filers who asked for extensions.
This is the first year that midsized corporations with assets between $10 million and $50 million are required to electronically file a Form 1120 or 1120S. So far this year, approximately 12,000 midsized corporations have made the transition. Many more corporations are also e-filing voluntarily, even those not required to do so at this point.
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