FinanceRegs.com » E-filing wave gains more momentum: Are you on board?

E-filing wave gains more momentum: Are you on board?

December 8, 2008 by Carol Katarsky
Posted in: 1099s, Best practices, Electronic payments, In this week's e-newsletter, Latest news & views, Tax compliance

Companies using e-filing for their federal tax returns set a new record in ’08.

Just under 2 million corporate and partnership income tax returns were filed electronically — more than 50% more than the prior year.

Large partnerships using e-filing increased a whopping 156% over ’07.

It’s easy to see why more companies are jumping on the bandwagon: Electronically filing your corporate tax returns and related information returns can reduce errors. And for some forms, like the 1099-MISC, extended deadlines make it more convenient to use the e-file option.

Which filing methods do you use — and why? Share your perspective in the comments.

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