An IRS publication titled “Business Nationwide Analysis” (Pub 4425), carries valuable filing information about businesses for IRS processing year 2009. Among other facts, it shows not only how many returns were e-filed but also the percentage that were filled out by a preparer, how many used a calendar versus fiscal year, and when most returns were filed.
Form 1120, U.S. Corporation Income Tax Return
... Slightly more than 2 million returns were filed, of which 22% were e-filed. IRS projects that the percentage will grow gradually, e.g., to 26% in 2010, 31% in 2011, and 34% in 2012.
... 45% of Form 1120 taxpayers were enrolled in EFTPS (Electronic Federal Tax Payment System).
... Payment method used was: 72% paper only, 22% electronic only, and 6% paper and electronic.
... 86% of the returns were filled out by a preparer.
... Peak monthly filing volume was in March, and the second heaviest month was September.
... 68% of all Form 1120s filed were calendar year returns, and the 32% balance were fiscal year returns.
... Larger corporations tended to e-file the most. Of those with $10 to $50 million in assets, 57% were e-filers; of those with $50 million or more in assets, 88% e-filed. By contrast, only 19% of corporations with under $250,000 in assets e-filed, and for those with $250,000 to $1 million, 23% e-filed.
Form 1120-S, U.S. Income Tax Return for an S Corporation
... Of the approximately 4.3 million returns filed, 30% were e-filed. IRS projects that the percentage will grow gradually, e.g., to 37% in 2011, and 40% in 2012.
... 45% of Form 1120-S taxpayers were enrolled in EFTPS.
... 92% of the returns were filled out by a preparer.
... Peak monthly e-filing volume was in March, and the second heaviest month was September.
... 98% of all Form 1120-S returns filed were calendar year returns, and the 2% balance were fiscal year returns.
... Larger S corporations tended to e-file most. Of those with $10 or more in assets, 63% were e-filers; of those with $2 to $10 million in assets, 32% e-filed. By contrast, only 29% of S corporations with under $200,000 in assets e-filed.
Form 1065, U.S. Return of Partnership Income
... Of the approximately 2.3 million returns filed, 29% were e-filed. IRS projects that the percentage will grow gradually, e.g., to 32% in 2011, and 34% in 2012.
... Only 14% of Form 1065 filers were enrolled in EFTPS.
... 99% used the paper method to pay.
... 88% of the returns were filled out by a preparer.
... Peak monthly filing volume was April, and the second heaviest month was September.
... 99% of all Form 1065s filed were calendar year returns, and only 1% were fiscal year returns.
... 56% of entities filing Form 1065 were established in 2004 or an earlier year.
... 56% of filers were entities with one or two partners, 17% three partners, 9% four partners, and 18% five or more partners.
... 45% of 1065 returns represent real estate related activities.
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