What resulted from IRS meetings with affected taxpayers and stakeholder groups?
A4. IRS developed draft implementation guidance for those corporations that are required to file Tax Year 2005 electronic returns. Before IRS officials approved the guidance, meetings were held with TEI, ACT and AICPA to discuss the draft guidance. This guidance has now been formalized in ” Tax Year 2005 Directions for Corporations Required to e-file” and will ease the transition from filing a paper return to electronic filing.
A3. IRS developed guidance for those corporations that are required to file Tax Year 2006 electronic returns. Before IRS officials approved the guidance, meetings were held with TEI, ACT, and AICPA to discuss the guidance. This guidance has now been formalized in “Tax Year 2006 Directions for Corporations Required to e-file” and will ease the transition from filing a paper return to electronic filing.