Partnership and Corporation E-filing

[David]

Since the IRS is only doing one e-file drain per day at 11:00 am does this mean that if a corporation or partnership tax return is not e-filed until 5 pm, that the return will be cosidered filed late? Or will the time stamp show that the return was set up for e-filing before the midnight deadline and the IRS will consider the return timely filed?

If not, then that is a bummer not getting the normal midnight deadline.

Thanks.

[Margaret CPA in OH]

Hmmm, I efiled a 1065 last night about 9:30 EDT and it was accepted date stamped yesterday (no time shown, though). This all took place well after 11am. Hmmmm...

[David]

Hmmmm is right. Why does the ATX site say that only one drain a day at 11 am local time will be done by the IRS?

[rfassett]

I believe the drain times to which you refer are for 1040's. The business returns drain more frequently:

"Ogden 1065 Transmitted automatically when 100 e-files received, or at 3:45 PM and 11:45 PM CST, if sooner Every 2 hours

Ogden 1120 Transmitted automatically when 10 e-files received, or at 4:00 PM EST, if sooner Every 2 hours"

The business return efile system is different from the 1040.

I efiled three corps and one partnership after 11:30 EST today and have already received the acks for the corps and am waiting on the 1065.

[David]

Thanks so much for the information.

I believe the drain times to which you refer are for 1040's. The business returns drain more frequently:

"Ogden 1065 Transmitted automatically when 100 e-files received, or at 3:45 PM and 11:45 PM CST, if sooner Every 2 hours

Ogden 1120 Transmitted automatically when 10 e-files received, or at 4:00 PM EST, if sooner Every 2 hours"

The business return efile system is different from the 1040.

I efiled three corps and one partnership after 11:30 EST today and have already received the acks for the corps and am waiting on the 1065.