Inexpensive E-filing for our Corporate Return?

Feb 01, 2007 1 Replies

The Commonwealth of Taxachusetts requires our little "S corp" to file it's annual corporate exise tax return (Form



355S) as an e-filing, or suffer a $100 penalty if we mail in a paper return. (That's in addition to the $455 "minimum excise tax" we have to pay the Commonwealth every year.) The paper form has only about 20 places where I need to enter numbers, but the Commonwealth doesn't provide an online form to enter that data as they do with the payroll witholding and sales taxes forms we do as e-filings. Per the Commonwealth's Department of Revenue we and the thousands of other S corporations here have to use software from an "approved vendor" to make our filings with. I called several of the vendors on the "approved list" and got prices from $275 and up for software to file that return, good for this year only. Obviously, the cheapest route is to just pay the $100 penalty for submitting a paper filing, since I doubt that any CPA owning the right software could be expected to do an e-file for us for less than that. Have I overlooked a way that would cost us less less than a hundred bucks to file that simple return? Thanks guys,

Jeff


-- Jeffry Wisnia (W1BSV + Brass Rat '57 EE) The speed of light is 1.8*10^12 furlongs per fortnight.



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MI basically has had the same requirement for several years. Since you allude to using a CPA let them do it. My vendor charges me $3 per return (fed and state) for businesses. I bill my clients $10 for this so I make a wopping $4. Let them do it. Regards,

Mark Rigotti

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