I got this error while trying to upload a sketch:
Compiling 'Chalieplexing' for 'ATtiny85 (internal 1 MHz clock)'
crttn85.o:(.init9+0x2): relocation truncated to fit: R_AVR_13_PCREL against symbol `exit' defined in .fini9 section in c:\program files )
Error creating .elf

Solution was found here:
http://forum.arduino.cc/index.php/topic,116674.0.html

Replace ld.exe file with newer version (WinAVR 20090313). File location here (on my machine):
C:\Program Files (x86)\Arduino\hardware\tools\avr\avr\bin

After replacing the ld.exe file I get this message:
avrdude: Can't find programmer id "-P\\.\COM6"

However, after the updated ld.exe file I am able to upload via the Arduino IDE.

Compiling 'Chalieplexing' for 'ATtiny85 (internal 1 MHz clock)'
Build folder: 
Summary: Header=1 Prototypes=16 Imports=4
Additional Defines: VISUALMICRO_COMPILER_VER=1;
Architecture Tools: C:\Program Files (x86)\Arduino\hardware\tools\avr\bin\
GCC: 4.3.2
Sketchbook: file:///D:/MyFiles/ArduinoSketch
Core Include Paths
Include Path 'C:\Program Files (x86)\Arduino\hardware\arduino\cores\arduino'
Include Path 'D:\MyFiles\ArduinoSketch\hardware\attiny\variants\tiny8'
Library Include Paths (1)
Include Path 'C:\Program Files (x86)\Arduino\libraries\EEPROM'
Platform Libraries Root Include Paths
Include Path 'C:\Program Files (x86)\Arduino\libraries'
Include Path 'D:\MyFiles\ArduinoSketch\hardware\attiny\libraries'
Include Path 'C:\Program Files (x86)\Visual Micro\Visual Micro for Arduino\Micro Platforms\default\debuggers'
Include Path 'D:\MyFiles\ArduinoSketch\libraries'
C:\Program Files (x86)\Arduino\hardware\tools\avr\bin\avr-g++ -c -g -Os -fno-exceptions -ffunction-sections -fdata-sections -Wall -mmcu=attiny85 -DF_CPU=1000000L -MMD -DUSB_VID=null -DUSB_PID=null -DARDUINO=106 -I"C:\Program Files (x86)\Arduino\hardware\arduino\cores\arduino" -I"D:\MyFiles\ArduinoSketch\hardware\attiny\variants\tiny8" -I"C:\Program Files (x86)\Arduino\libraries\EEPROM" -I"C:\Program Files (x86)\Arduino\libraries" -I"D:\MyFiles\ArduinoSketch\hardware\attiny\libraries" -I"C:\Program Files (x86)\Visual Micro\Visual Micro for Arduino\Micro Platforms\default\debuggers" -I"D:\MyFiles\ArduinoSketch\libraries" -o plexing.cpp.o"  plexing.cpp"  -DVISUALMICRO_COMPILER_VER=1
Stream.h:In file included from
HardwareSerial.h:from
arduino.h:from
Chalieplexing.ino:from
Print.h:32:1: warning: "BIN" redefined
iotn85.h:In file included from
io.h:from
Chalieplexing.ino:from
iotnx5.h:55:1: warning: this is the location of the previous definition
Chalieplexing.ino:In function 'void RandomColorRandomPosition(uint16_t)'
Chalieplexing.ino:158: warning: comparison between signed and unsigned integer expressions
Chalieplexing.ino:In function 'void HueWalk(uint16_t)'
Chalieplexing.ino:170: warning: comparison between signed and unsigned integer expressions
Chalieplexing.ino:In function 'void BrightnessWalk(uint16_t)'
Chalieplexing.ino:182: warning: comparison between signed and unsigned integer expressions
Chalieplexing.ino:In function 'void PrimaryColors(uint16_t)'
Chalieplexing.ino:208: warning: comparison between signed and unsigned integer expressions
C:\Program Files (x86)\Arduino\hardware\tools\avr\bin\avr-gcc -Os -Wl,--gc-sections -mmcu=attiny85 -L"C:\Users\xxxx\AppData\Local\VMicro\Arduino\Builds\Chalieplexing\attiny85" -o plexing.elf" plexing.cpp.o" \EEPROM.cpp.o" " -lm
C:\Program Files (x86)\Arduino\hardware\tools\avr\bin\avr-objcopy -O ihex -j .eeprom --set-section-flags=.eeprom=alloc,load --no-change-warnings --change-section-lma .eeprom=0 plexing.elf" plexing.eep"
C:\Program Files (x86)\Arduino\hardware\tools\avr\bin\avr-objcopy -O ihex -R .eeprom plexing.elf" plexing.hex"
Binary sketch size: 4,884 bytes (used 60% of a 8,192 byte maximum) (0.43 secs)
Uploading to I/O board using 'COM6'
Uploader started for board ATtiny85 (internal 1 MHz clock)
Uploader sometimes uses programmer name: arduinoisp
Upload method will be: bootloader
Uploading via Bootloader 
Flushing the serial port
C:\Program Files (x86)\Arduino\hardware\tools\avr\bin\avrdude -C"C:\Program Files (x86)\Arduino\hardware/tools/avr/etc/avrdude.conf" -v -v -v -v -pattiny85 -c -P\\.\COM6 -D -V y85\Chalieplexing.hex":i
avrdude: Version 5.11, compiled on Sep  2 2011 at 19:38:36
         Copyright (c) 2000-2005 Brian Dean, http://www.bdmicro.com/
         Copyright (c) 2007-2009 Joerg Wunsch

         System wide configuration file is "C:\Program Files (x86)\Arduino\hardware/tools/avr/etc/avrdude.conf"


avrdude: Can't find programmer id "-P\\.\COM6"

Valid programmers are:
  c2n232i  = serial port banging, reset=dtr sck=!rts mosi=!txd miso=!cts [C:\Program Files (x86)\Arduino\hardware/tools/avr/etc/avrdude.conf:998]
  dasa3    = serial port banging, reset=!dtr sck=rts mosi=txd miso=cts [C:\Program Files (x86)\Arduino\hardware/tools/avr/etc/avrdude.conf:985]
  dasa     = serial port banging, reset=rts sck=dtr mosi=txd miso=cts [C:\Program Files (x86)\Arduino\hardware/tools/avr/etc/avrdude.conf:972]
  siprog   = Lancos SI-Prog <http://www.lancos.com/siprogsch.html>; [C:\Program Files (x86)\Arduino\hardware/tools/avr/etc/avrdude.conf:959]
  ponyser  = design ponyprog serial, reset=!txd sck=rts mosi=dtr miso=cts [C:\Program Files (x86)\Arduino\hardware/tools/avr/etc/avrdude.conf:946]
  89isp    = Atmel at89isp cable            [C:\Program Files (x86)\Arduino\hardware/tools/avr/etc/avrdude.conf:913]
  frank-stk200 = Frank STK200                   [C:\Program Files (x86)\Arduino\hardware/tools/avr/etc/avrdude.conf:899]
  blaster  = Altera ByteBlaster             [C:\Program Files (x86)\Arduino\hardware/tools/avr/etc/avrdude.conf:886]
  ere-isp-avr = ERE ISP-AVR <http://www.ere.co.th/download/sch050713.pdf>; [C:\Program Files (x86)\Arduino\hardware/tools/avr/etc/avrdude.conf:876]
  atisp    = AT-ISP V1.1 programming cable for AVR-SDK1 from <http://micro-research.co.th/>  [C:\Program Files (x86)\Arduino\hardware/tools/avr/etc/avrdude.conf:866]
  dapa     = Direct AVR Parallel Access cable [C:\Program Files (x86)\Arduino\hardware/tools/avr/etc/avrdude.conf:855]
  xil      = Xilinx JTAG cable              [C:\Program Files (x86)\Arduino\hardware/tools/avr/etc/avrdude.conf:842]
  futurlec = Futurlec.com programming cable. [C:\Program Files (x86)\Arduino\hardware/tools/avr/etc/avrdude.conf:824]
  abcmini  = ABCmini Board, aka Dick Smith HOTCHIP [C:\Program Files (x86)\Arduino\hardware/tools/avr/etc/avrdude.conf:814]
  picoweb  = Picoweb Programming Cable, http://www.picoweb.net/ [C:\Program Files (x86)\Arduino\hardware/tools/avr/etc/avrdude.conf:804]
  sp12     = Steve Bolt's Programmer        [C:\Program Files (x86)\Arduino\hardware/tools/avr/etc/avrdude.conf:793]
  alf      = Nightshade ALF-PgmAVR, http://nightshade.homeip.net/ [C:\Program Files (x86)\Arduino\hardware/tools/avr/etc/avrdude.conf:777]
  bascom   = Bascom SAMPLE programming cable [C:\Program Files (x86)\Arduino\hardware/tools/avr/etc/avrdude.conf:767]
  dt006    = Dontronics DT006               [C:\Program Files (x86)\Arduino\hardware/tools/avr/etc/avrdude.conf:757]
  pony-stk200 = Pony Prog STK200               [C:\Program Files (x86)\Arduino\hardware/tools/avr/etc/avrdude.conf:745]
  stk200   = STK200                         [C:\Program Files (x86)\Arduino\hardware/tools/avr/etc/avrdude.conf:729]
  bsd      = Brian Dean's Programmer, http://www.bsdhome.com/avrdude/ [C:\Program Files (x86)\Arduino\hardware/tools/avr/etc/avrdude.conf:718]
  pavr     = Jason Kyle's pAVR Serial Programmer [C:\Program Files (x86)\Arduino\hardware/tools/avr/etc/avrdude.conf:710]
  dragon_pdi = Atmel AVR Dragon in PDI mode   [C:\Program Files (x86)\Arduino\hardware/tools/avr/etc/avrdude.conf:703]
  dragon_dw = Atmel AVR Dragon in debugW

arduino as isp

To upload I click on the arrow that says upload.

Thanks that worked