IRS Announces Increase In Corporate E-filed Returns

According to the Internal Revenue Service, more than 800,000 of the nation’s small businesses and large corporations have electronically filed their tax returns so far this year. This number represents a 60 percent increase from last year. "This is a record-breaking year for electronically filed returns by corporations and businesses," said Acting IRS Commissioner Linda Stiff. "We will continue to work with the business community, tax practitioners and the software industry to improve this important program." However not just small businesses are e-filing, thousands of large corporations are voluntarily e-filing as well. More than 42,000 large corporations have already e-filed this tax year.