Tax Filing


 
Many more corporations now must file their tax returns electronically, and the AICPA offers an online informational aid to help CPAs meet their corporate clients’ e-filing requirements. Corporations with total assets of $10 million or more that file at least 250 returns annually, such as W-2s or other employment tax forms, are required to e-file their forms 1120 or 1120S for tax years ending on or after Dec. 31, 2006. In the previous filing season, the threshold was $50 million. The AICPA guide, in Microsoft PowerPoint format, is available at http://tax.aicpa.org/Resources/Corporations+and+Shareholders/ . The IRS also offers corporate e-filing information and resources at www.irs.gov/businesses/corporations/article/0,,id=146959,00.html .

 

 

SPONSORED REPORT

States look to unclaimed property for revenue

This free report outlines the escheat process, common types of AUP, how different states are handling it and how companies can plan for potential audits and liabilities.

PODCAST

Using drones to enhance audits

Hermann Sidhu, CPA, global assurance digital leader at EY, walks us through EY’s exciting new project to use drones to help audit large warehouses and outdoor inventories.