IR-2007-02, Jan. 8, 2007
WASHINGTON — Beginning today, partnership taxpayers can electronically file tax year 2006 Form 1065, U.S. Return of Partnership Income, and Form 1065-B, U.S. Return of Income for Electing Large Partnerships, using the Modernized e-ob体育 platform.
“Electronic filing is a key component to modernizing our tax system,” IRS Commissioner Mark W. Everson said. “E-ob体育 improves the speed and accuracy of tax return filing, and we encourage partnership taxpayers to take advantage of this enhanced system.”
Since tax year 1986, the IRS has offered electronic filing of Form 1065. The existing 1065 e-ob体育 platform uses a proprietary data transmission format. However, the Modernized e-ob体育 platform uses the Extensible Markup Language (XML) format, which is an industry-standard method of identifying, storing and transmitting data. Both e-ob体育 platforms offer improved speed and accuracy of tax return filing. But Modernized e-ob体育 offers additional benefits, including transactional processing instead of batch processing, allowance for binary file attachments, elimination of the duplicate filing of International returns and a federal/state partnership program.
The IRS anticipates more than 400,000 partnerships will e-ob体育 in 2007. Most of those partnerships are not mandated to e-ob体育 but are encouraged to do so for the e-Filing benefits.
For tax year 2006, partnerships have the option to e-ob体育 Form 1065 through the Modernized e-ob体育 system or the existing 1065 e-ob体育 system. However, e-ob体育 for Form 1065-B is available solely through Modernized e-ob体育. Partnership taxpayers should talk with their software provider or transmitter to determine which e-ob体育 platform to use. Beginning in January 2008, Modernized e-ob体育 will be the only e-ob体育 platform available to e-ob体育 partnership returns. At that time, the IRS will also require e-ob体育 for all 1065-B returns.
Partnership taxpayers can access detailed information about the Form 1065 e-ob体育 process by clicking on the "Modernized e-ob体育 for Partnerships" link below.
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