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e file for Large and Mid Size Corporations Frequently Asked Questions Modernized e File, Benefits, and Overview - Tax Year 2013

Archived Guidance for prior year FAQs

A. Modernized e-File, Benefits, and Overview

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Questions

Answer

A1

What is e-file for large and mid-size corporations?

IRS e-file is the name for the electronic filing of tax returns. When a corporation e-files they send their income tax return data to IRS electronically instead of on paper forms. In 2004 IRS started a new e-file system for corporations, referred to as “Modernized e-File” (MeF) that is web-based, allowing electronic filing of corporate income tax returns through the Internet. MeF uses the widely accepted XML format, a standardized way of identifying, storing and transmitting data.

Certain corporations are required to e-file as explained in these FAQs. With few exceptions, all corporations that file TY2011, TY2012 or TY2013 Forms 1120, 1120S, or 1120-F may file electronically.

IRS e-file is available to corporations that prepare and/or transmit their own returns and to those that rely upon a tax professional to prepare and/or transmit their returns.

A2

Are there corporations that file Forms 1120, 1120S, or 1120-F that can not file their tax returns electronically?

The Corporate e-file Program does not accept and process the following corporate returns. Therefore, the corporation is excluded from the electronic filing requirement under TD 9363 unless otherwise noted.

  • Returns with tax periods ending prior to December 2010
  • Returns covering multiple tax periods
  • Bank Holding Company Tax Act. Election to make installment payments for a portion of the total tax attributable to the Bank Holding Company Tax Act
  • Prompt Assessments

The following forms cannot be filed electronically as a return at the parent level:
Corporations required to e-file subsidiary returns for the following forms must file them in XML format. Refer to " Tax Year 2013 Directions to e-file" for additional information.

1120-L

Life Insurance Company

1120-PC

Property and Casualty

If the forms listed below are stand-alone filings (not part of a consolidated return), they must be filed in paper since the Modernized e-File (MeF) system does not process them at this time. However, if the following forms are part of a consolidated return, they may be attached in PDF format. They should be named appropriately and attached to the top-level consolidated return. See: Recommended Name and Descriptions for PDF Files Attached to MeF Business Submissions

1120-C (formerly 990-C)

Farmer's Cooperative Association

1120-FSC

Foreign Sales Corporations

1120-H

Homeowners Association

1120-IC-DISC

Interest Charge Domestic International Sales

1120-ND

Nuclear Decommission Trusts

1120-REIT

Real Estate Investment Trust

1120-RIC

Regulated Investment Companies

1120-SF

Settlement Funds

The 1120X cannot be e-filed as a stand-alone return. It can only be submitted as an attachment to an 1120 return

1120X

Amended Return

 

A3

Does that mean a corporation can e-file a 52-53 week, short period, or final Tax Year 2009 1120/1120S/1120-F income tax return?

Yes, IRS modified MeF programs so corporations can file income tax returns for:

  • 52-53 week
  • short period
  • final returns

A4

Can I electronically file my corporation State income tax return?

The IRS worked with the Federation of Tax Administrators (FTA) and 28 state tax agencies to develop a fed/state electronic filing system for business tax returns filed on Modernized e-File. The system was implemented by the IRS in 2006. Check with your State tax authorities for specific information about state electronic filing options available to corporations

 

Page Last Reviewed or Updated: 07-Jan-2014