Posted by Mark Brousseau
More than 6.5 million federal tax returns (business and individual) were submitted through the new Modernized e-File (MeF) system, the Internal Revenue Service (IRS) told attendees of the Federation of Tax Administrators (FTA) Annual Meeting at the Grand Hyatt Atlanta today. That’s on top of nearly 400,000 state tax returns (business and individual) submitted using MeF. On March 15th alone, the IRS received nearly 500,000 MeF submissions.
MeF is a web-based system that allows electronic filing through the Internet of corporate, partnership, exempt organization, excise tax returns, and, for the first time this year, Individual 1040 returns. When fully deployed, MeF will replace the IRS’ legacy e-file system.
1040 MeF is being deployed over three years. The first phase, deployed this year, includes processing of Form 1040 and 22 other forms and schedules. Fourteen states currently are in live production with 1040 MeF. As of April 21, more than 1 million federal and state returns were submitted via 1040 MeF, the IRS says.
Phase 2, targeted for next filling season, will support the same forms and will include current and prior year processing. In addition, the IRS will complete the build-out of additional hardware and improved disaster recovery capabilities. The Phase 3 plan, targeted for January 2012, will bring online the remaining related 1040 forms and schedules and will include amended return processing. During the deployment phases, the IRS’ legacy e-file system will remain fully operational with current plans to retire it during the fourth quarter of calendar year 2012.
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