TaxWorks Blog

1065 E-File

1065 E-File
The IRS mandated all partnerships with 100 or more K-1s to be filed elec¬tronically. A $50 penalty for each K-1 over 100 is imposed. The 1065 e-file procedure is similar to the 1040. Check the File Electronically box on the 1065 General Information screen. On the E-File Center Overview screen, select 1065 from the System drop down box to access the 1065 e-file information.An e-file waiver is available through the IRS, but exceptions are very limited. Reference IRS Pubs 4163 and 4164 for new 1065 MeF details. There are a few differences in the 1065 business e-file process.They include:

- PIN must be used.

- There are no scheduled drain times.The IRS will drain continuously, but the software will have scheduled drain times from 6:00 am to 5:00 pm hourly MST, Monday through Friday.
- The IRS will acknowledge returns within 1 to 2 hours. The software will have set acknowledgment receipt times from 6:30 am to 4:30 pm hourly MST, Monday through Friday.
- Reject codes are called Business Rules. They are in a different format than the 1040 reject codes. They are very defined and easy to understand.
- PIN Form 8879-PE is available.

1065 Drain Times
Ogden .6:00 am to 5:00 pm hourly MST M-F
IRS 1065 E-help Phone Number
1-866-255-0654 – Ogden

Form 8879-PE Retention
When using the PIN program, the client must sign Form 8879-PE before transmitting the return. This must be retained by the ERO for three years.

1065 IRS E-File Application
To participate in the IRS 1065 e-file program, you must file Form 8633 with the IRS.Check box 1065 under question #4. The easiest way to apply is through IRS e-services at http://www.irs.gov/taxpros/article/0,,id=109646,00.html.

Form 8879-PE Retention
When using the PIN program, the client must sign Form 8879-PE before transmitting the return. This must be retained by the ERO for three years.

1065 IRS E-File Application
To participate in the IRS 1065 e-file program, you must file Form 8633 with the IRS. Check box 1065 under question #4. The easiest way to apply is through IRS e-services at http://www.irs.gov/taxpros/article/0,,id=109646,00.html.