Federal IRS Mandates
April 13, 2010 – 11:10 am1065 – The IRS has mandated that all 1065 partnerships with 100 or more K1s must be filed electronically. A penalty of $50 per partner will be assessed for those not complying with the mandate. Certain waivers are available, but are very limited.
1120/1120S – The IRS has mandated that all 1120/1120S corporations with assets of $10 million or more and filing 250 federal returns must e-file.
990 – The IRS has mandated that all 990 exempt organizations with assets of $10 million or preparers filing 250 federal returns must e-file. 990PF has been added to the 250 federal return mandate as of tax year 2006.
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