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.