The Internal Revenue Service Aug. 31 updated its electronic filing Web page for corporations and exempt organizations that must e-file in 2006. The long-awaited Web site updates will help the organizations comply with proposed and temporary regulations (REG-130671-04, T.D. 9175) on electronic filing and, according to practitioners, make the site more user-friendly. IRS in January issued the temporary and proposed regulations on requirements for e-filing of income tax returns by large corporations and annual information returns by certain tax-exempt organizations (8 DTR G-13, L-5, L-10, TaxCore, 1/12/05). Effective for tax years ending on or after Dec. 31, 2005, the regulations generally require corporations with total assets of $50 million or more to electronically file Form 1120, U.S. Corporation Income Tax Return, or Form 1120S, U.S. Income Tax Return for an S Corporation, and tax-exempt organizations with total assets of $100 million or more to e-file Form 990, Return of Organization Exempt from Income Tax. After releasing the regulations, IRS established a Web page to address questions it received regarding the new electronic filing requirements. The Web page included a link to frequently asked questions, as well as other general information regarding the requirements. The new Web site provides an overview of electronic filing and more detailed information for corporations that prepare and transmit their own income tax returns, as well as information for tax professionals. For more information, see the href="http://www.irs.gov/businesses/corporations/article/0,,id=146959,00.html"> IRS website.