PHOENIX - The Internal Revenue Service announced today the number of tax returns electronically filed or 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 electronically file or 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 (http://www.irs.gov/Filing/E-File-Options) at IRS.gov.