Unlike the BSA e-File system, we will retain filing information from year to year so that tax professionals do not have to maintain physical copies of the forms they file for clients.
Fayetteville, AR (PRWEB) June 03, 2014
As of July 2013, the Treasury Department mandated electronic filing of the Form 114. The earlier Form TDF 90-22.1 required a paper filing. US citizens or residents, entities such as corporations or partnerships, and trusts and estates with bank accounts abroad that exceed $10,000 must file Form 114 by June 30 each year. Very few tax software providers currently support e-filing the FINCEN Form 114.
“The requirement to file Form 114 electronically is one in a series of steps taken by the US government to eliminate paper tax filing,” said Ed Pratt, Vice President of Business Development for TechAtlantis. “For FBAROnline.com, we already collected the information electronically from our customers to complete the prior form. Providing e-file service at the completion of the process is a logical step. This way we can also serve tax professional clients in addition to individual users by providing those professionals with one place to file all their clients’ Form 114s under a single user login. Unlike the BSA e-File system, we also will retain filing information from year to year so that tax professionals do not have to maintain physical copies of the forms they file for clients. Our site also provides consolidated reporting for corporations.”
TechAtlantis has several IRS-approved tax filing products, including Tax1099.com, ez2290.com, ezExtension.com, and ezIFTA.com. Having a record of successful interaction with the IRS’s various electronic filing systems made obtaining approval for Form 114 a relatively simple process. “We did most of the programming over a couple of days and passed our first test on the initial attempt. Our expertise in tax filing enables us to build this type of service quickly so our customers can benefit from using it as soon as possible.”
Form 114 filing is available now at FBAROnline.com for anyone needing to file this form before the June 30 deadline.
About TechAtlantis, Inc
TechAtlantis, Inc, provides IRS-approved electronic tax filing services to businesses and individuals through several websites. Tax1099.com provides full service capabilities, including the import of data from accounting and business systems, the creation, e-filing, and delivery of 1099s, 1098s, W2s, 940, 941, and 944 forms. EZ2290.com provides Heavy Vehicle Usage Tax filing for owner/operators, brokers, fleet managers, and their accountants. EZExtension.com allows individual and business filers to file for an extension of their filing date. EZIFTA.com helps truck owners conform to multi-state regulations requiring their fuel taxes be paid appropriately in each state. FBAROnline.com permits owners of bank accounts outside of the US to state that ownership as required to the US Department of the Treasury.