"— In just a few months, many small-to-medium sized corporations will be required to join a growing trend e-filing, the electronic filing of their tax returns and forms such as W-2s and 1099s. It's something that many other small businesses should consider, even if the government isn't mandating that they do it."
"The Internal Revenue Service says corporations with $10 million or more in total assets and that file 250 or more returns which includes the annual tax forms given employees and independent contractors will have to submit their forms for the 2006 tax year using the government's electronic filing system. Until 2006, only corporations with $50 million or more in assets and 250 or more returns were required to e-file."
"E-filing isn't a complicated process; many businesses are already doing it as a natural outgrowth of compiling their returns using a software program. Or, their tax professionals just take care of it. Certainly, any company with a large number of employees ought to be e-filing think about the time spent compiling paper returns and taking them to the post office."
"And any business owner even a sole proprietor attaching a Schedule C to his or her 1040 can benefit. ... read the whole article
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