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Sarbanes-Oxley News & Developments
Streamlining Tax Processes in 2006KPMG stresses e-filing, tax co-sourcing, and embracing IT.
> > Companies that have assets of $50 million or more and that file at least 250 returns annually must begin filing electronically with the Internal Revenue Service beginning this year. Companies have three choices to meet this mandate, according to KPMG: licensing tax software that can create the e-file and transmit it to the IRS, develop their own e-filing software in accordance with IRS specifications, or hire an outside tax preparer to manage the process.
Source: CFO
Published:2006-01-06
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