TaxWorks Blog

1120/1120S E-File

The IRS has mandated that all 1120/1120S corporations with assets of $10 million or more and filing 250 federal returns must file form 1120/1120S electronically.

The 1120/1120S e-file process is similar to the 1040.Check the File Electronically box on the 1120 or 1120S General Information screen.On the E-File Center Overview screen, select 1120 or 1120S from the System drop down box to access the e-file information.There are a few differences in the 1120/1120S business e-file process.They include:

- PIN must be used.
- There are no scheduled drain times.The IRS will drain continuously.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 1-2 hours.The software will have set acknowledgement 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.

1120 Drain Times
Ogden…………….6:00 am to 5:00 pm hourly MST M-F
IRS 1120/1120S E-help Phone Number
1-866-255-0654 – Ogden
Form 8879-C and 8879-S Retention

You must use the Practitioner PIN program.You will need to have the cli¬ent sign Form 8879-C or 8879-S before transmitting the return.These must be retained by the ERO for 3 years.

1120/1120S IRS E-File Application
To participate in the IRS 1120/1120S e-file program you must file Form 8633 with the IRS.Check box 1120 under question #4.The easi¬est way to apply is through IRS e-services at http://www.irs.gov/taxpros/article/0,,id=109646,00.html.