8027 Software: Why efile? I have less than 250 records.
You can paper file Form 8027 and its Form 8027-T or transmittal summary to the IRS. You would print Form 8027 with black ink on plain paper and mail to
Department of the Treasury
Internal Revenue Service
Cincinnati, OH 45999
But there are benefits to efiling which we list below:
- Additional Time. You have to paper file by the end of February or electronically file by the end of March (early April). You can also efile for a 1-month extension giving transmitters until the end of April to efile.
- Replacements/Corrections. Your data must be perfect; the calculations must be complete and correct. If you file electronically and you make a mistake, the IRS will return the file as BAD and you submit a replacement. Our software and technical support will also help you detect errors before you submit. If you file electronically and the file status is GOOD but you later realize you submitted erroneous data to the IRS, then you can submit a correction online. Its quick and easy to do.
If you mail paper 8027 forms with errors, the IRS will reject the forms and mail you a letter letting you know that the forms had errors and ask you to resubmit.
- Receipt/Proof of Submission. The IRS will post online a receipt showing when you transmitted your data and the file status. If the file is GOOD, your done and the receipt is your proof that you submitted the data on time and successfully.
by 
Erich J. Ruth
Erich J. Ruth provides technical support for National Software which is the parent company for 1099FIRE. 1099FIRE develops and markets a comprehensive range of products that enables any size of business or institution to effectively manage and comply with year-end filing requirements. 1099FIRE is an employee-owned company located in Phoenix, Arizona.
If you have any questions or comments about our software, feel free to contact us at any time.