e-file for Large and Mid-Size Corporations |
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What's New:
Reporting Losses Resulting from Ponzi Schemes
Revenue Procedure 2009-20 was posted on April 6, 2009. This revenue procedure provides an optional safe harbor treatment for taxpayers that experienced losses in certain investment arrangements discovered to be criminally fraudulent. It also describes how the Internal Revenue Service will treat a return that claims a deduction for such a loss and does not use the safe harbor treatment described in this revenue procedure. Taxpayers claiming a loss are instructed to mark "Revenue Procedure 2009-20" at the top of the Form 4684. The taxpayer must also sign and attach a statement as defined in Appendix A. This requires signatures from the individual, corporation, or partnership.
A workaround for electronically filed TY2008 corporate or partnership returns has been posted. The workaround provides guidance on how electronic filers may fulfill the requirements in Revenue Procedure 2009-20.
Taxpayers who electronically file Form 4684 with a TY2008 tax return claiming a loss as described in Rev Proc 2009-20 may fulfill the requirement to mark "Revenue Procedure 2009-20" at the top of the form 4684 by attaching a General Dependency and entering "Revenue Procedure 2009-20 on F4684" in the Description field. Taxpayers may submit the required statement as defined in Appendix A of the Rev Proc, including the signature(s), as a PDF file. Name the PDF file "RevProc2009-20.pdf" and enter "Rev Proc 2009-20" in the Description field of the BinaryAttachment.xsd file. Attach the PDF file to the electronic return.
Waiver Fax Number
The e-help Desk fax number to submit a waiver request has been changed to: 1-877-477-0575. This number is currently operational and should be used for all faxed-in waiver requests. NOTE: The fax number for the e-Help Desk contained in Notice 2005-88 is out of date. The fax number now is 1-877-477-0575.
Table of Contents:
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Introduction
Treasury Decision (T.D.) 9363 requires corporations that have assets of $10 million or more and file at least 250 returns annually to electronically file their Forms 1120 and 1120S for tax years ending on or after December 31, 2006. This requirement extends to foreign corporations filing Form 1120-F who have tax years ending on or after December 31, 2008, have assets of $10 million or more and who file at least 250 returns annually.
Although electronic filing is required of certain corporations, many corporations voluntarily file their returns electronically.
This web site provides an overview of electronic filing and more detailed information for those corporations required to e-file. There is information for taxpayers who prepare and transmit their own income tax returns as well as for taxpayers who rely upon third party tax professionals to prepare and transmit their tax returns.
Note: Documents accessed from this page that are in pdf format contain "(pdf)" at the end of the file name. If you can't view all the pages of any pdf document, download the most recent free version of Adobe Acrobat Reader
e-file News and Related Announcements
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News Release (03-12-07) - IRS Reminds Corporations to E-File or File for an Extension
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General Information about e-file for Large and Mid-Size Corporations
IRS e-services
Regulations on Required Corporate e-filing
Contact IRS for More Information
If you do not find the electronic filing information you need in the material provided on this web site, IRS provides e-mail addresses where interested parties can submit questions concerning corporate e-file requirements.
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Corporate taxpayers (Forms 1120, 1120S, 1120-F) may contact the e-help Desk at 1-866-255-0654 or they may email questions about e-file to: Large Corporate. Note: This email service is for questions related to the requirement to e-file only and should not be used for account or tax law questions.
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Partnerships (Forms 1065, 1065-B) can find further e-file information for partnerships using the MeF platform on IRS.gov at Modernized e-file (MeF) for Partnerships or they may contact the e-help Desk at 1-866-255-0654.
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Taxpayers with account or tax law questions may call 1-800-829-4933.
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Tax practitioners with account or tax law questions may call 1-800-829-8374.
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Software developers and vendors may contact the e-help Desk at 1-866-255-0654 with questions about e-filing..
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Page Last Reviewed or Updated: April 14, 2009