AICPA calls for delay in IRS mandated electronic tax filing procedures for large corporations, exempt organizations.

Position:Tax info

The AICPA urged the Internal Revenue Service to delay, by at least a year, implementation of mandatory electronic filing (e-file) procedures for large corporations and exempt organizations at a hearing before the IRS recently. At the hearing, AICPA representatives said, "We view this as a dramatic change, with inadequate lead time." The Institute emphasized, however, that it supports the IRS's long-range goals for electronic tax administration.

The IRS's recently released regulations generally will require corporations with total assets of $50 million or more and tax exempt organizations with total assets of $100 million or...

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