2018 UltraTax CS
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Fixed Assets and UltraTax CS 2023 help is now on Help and Support. We're still moving articles, but you can find most content for the 2023 tax year there. Continue using the Help & How-To Center for tax years 2022 and older.
Question
Is there a mandate for electronically filed corporate returns?
Answer
Yes, the IRS mandates that corporations that have $10 million or more in assets and that file at least 250 returns annually are required to electronically file Forms 1120, 1120S, and 1120-F . Note that the 250 or more returns refers to returns that the corporation files, not the preparer. For more information on how the 250 return threshold is determined, visit the IRS website.
For more information regarding 1120 electronic filing waiver request procedures (e-file opt-out information), see IRS Notice 2010-13.
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Support: In other words, this is a mandate on the corporation, NOT the preparer. The 250 returns are returns that the corporation (i.e. taxpayer) has filed or will file. It's not how many returns the preparer has filed.