More Corporations and Partnerships Filing Taxes Electronically

The Internal Revenue Service says 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%

Income Tax