Thursday, October 8, 2015

IR-2015-113: Business E-File Up almost 9 Percent This Year; More Than Three-Quarters of Corporate and Partnership Tax Returns are Now Filed Electronically


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Issue Number: IR-2015-113 Inside This Issue
Business E-File Up almost 9 Percent This Year; More Than Three-Quarters of Corporate and Partnership Tax Returns are Now Filed Electronically
WASHINGTON The Internal Revenue Service announced today the number of tax returns e-filed by businesses rose nearly 9 percent this year, continuing the growth in the number of corporate and partnership returns filed electronically. This year, an additional 625,000 corporations and partnerships chose to e-file their tax returns.
As of Sept. 20, almost 8 million corporations and partnerships e-filed their income tax returns. The IRS estimates that e-file accounts for 77 percent of all corporate and partnership returns filed during 2015. Many corporations and partnerships operating on a calendar year receive filing extensions. The due date for filing a return after filing for an extension is usually Sept. 15.
Most large corporations and partnerships are required to e-file.
Large and mid-size corporations, generally those with $10 million or more in total assets, are required to electronically file their Forms 1120 or 1120S. Partnerships with more than 100 partners (Schedules K-1) are also required to e-file their tax returns. The IRS is seeing growth in e-filing by all business segments.
This year, a record 100,000 large corporations e-filed their returns, an increase of 8 percent compared to the same time last year. The greatest rate of growth in e-filing among these businesses is by large partnerships. This year, 142,237 large partnerships e-filed their tax returns, up almost 16 percent from the same time last year.
Tax Returns e-filed by Corporations and Partnerships
Category of e-filers
Sept. 21, 2014
Sept. 20,2015
%Change
Large Corporation Tax Returns
92,494
100,052
8.2%
Other Corporate Returns
4,373,597
4,720,698
7.9%
Total Corporate Returns
4,466,091
4,820,750
7.9%
Large Partnership Tax Returns
122,879
142,237
15.8%
Other Partnership Returns
2,640,319
2,891,466
9.5%
Total Partnerships
2,763,198
3,033,703
9.8%
Total Returns
7,229,289
7,854,453
8.6%
Corporations and partnerships can get more information about IRS e-file at IRS.gov.

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