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Many Businesses Must File Their Tax Returns by Sept. 15; More Businesses Are Choosing e-file as the Best Option

IR-2015-107, Sept. 11, 2015                                                                                       Español   

WASHINGTON — The Internal Revenue Service today reminded corporations and partnerships that took extensions to file their income tax returns by the Sept. 15 deadline, which applies to any business whose fiscal year is also the calendar year.

The IRS continues to see strong growth in corporations and partnerships shifting from paper returns to e-file. As of Aug. 30, more than 6 million corporations and partnerships have electronically filed their returns this year, representing a nearly 8 percent overall increase from the prior year.

Most large corporations and partnerships are already required to e-file. Corporations with $10 million or more in total assets are generally required to e-file Forms 1120 and 1120S. Partnerships with more than 100 partners as defined by their Schedules K-1 filings are also generally required to e-file their returns.

The use of e-file has also shown strong growth this year among businesses not required to use it.

Information on the benefits of e-file and details about the Modernized e-File (MeF) program are available at IRS.gov. The IRS expects to receive millions more e-filed returns by the deadline.

Tax Returns e-filed by Corporations and Partnerships

Category of e-filers

Aug. 31, 2014

Aug. 30, 2015

% Change

Large Corporation Tax Returns

51,295

53,343

4.0%

Other Corporate Returns

3,394,652

3,634,705

7.1%

Total Corporate Returns

3,445,947

3,688,048

7.0%

Large Partnership Tax Returns

70,872

78,762

11.1%

Other Partnership Returns

2,120,548

2,301,964

8.6%

Total Partnerships

2,191,420

2,380,726

8.6%

Total Returns

5,637,367

6,068,774

7.7%

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Page Last Reviewed or Updated: 28-Aug-2016