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IRS announces release date for 1040 modernized e-file program.

Publication: The Tax Adviser
Publication Date: 01-JAN-08
Format: Online
Delivery: Immediate Online Access

Article Excerpt
The IRS has announced a release date of August 2009 for the modernized e-file (MeF) Form 1040. The MeF program is the newest generation IRS e-file computer system. It is currently required for large corporations, partnerships, and exempt entities. The Service expected to receive 1.5 million a...

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...MeF returns during the 2006 filing season.

Approximately 130 million individual income tax returns are currently filed each year, and close to 54% of these are filed electronically using the existing legacy system. Thus, development of the MeF 1040 for this broader application will require substantial time and resource commitment by both...

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