TAX FILE: Businesses get e-filing option

The Internal Revenue Service took another step into the electronic age on March 30, when it announced that corporations can now e-file their federal tax returns. The agency said: “More than 95 percent of corporations are able to file electronically now and all corporations will be able to when another 43 forms and schedules are released later in 2004. In future releases, the new system will make it possible to file federal and multiple-state returns in a single electronic transmission. The IRS is working closely with several states on this future option.” For more information, go to www.irs.gov.