IRS reminder, electronic filing required of tax-exempt organizations
Electronic filing required of tax-exempt organizations
The IRS today issued a reminder to tax-exempt organizations of the requirement to “electronically file information returns and related forms.”
As explained in the IRS release—IR-2019-206 (December 13, 2019)—legislation enacted July 1, 2019, requires tax-exempt organizations to file electronically information returns and related forms for tax years beginning after July 1, 2019. The IRS release lists the following IRS forms as being included in the e-filing requirement:
- Form 990, Return of Organization Exempt from Income Tax
- Form 990-PF, Return of Private Foundation or Section 4947(a)(1) Trust Treated as Private Foundation
- Form 8872, Political Organization Report of Contributions and Expenditures
- Form 1065, U.S. Return of Partnership Income (if filed by a section 501(d) apostolic organization)
The IRS announced it will postpone the required e-filing of Form 990-EZ for one year. Optional e-filing continues to be available.
The IRS concluded that while Forms 990-T and 4720 will come under the e-filing requirement next year, the IRS will continue to accept these forms on paper pending conversion to electronic format.
For more information, contact a tax professional with KPMG’s Washington National Tax practice:
Ruth Madrigal | +1 202 533 8817 | ruthmadrigal@kpmg.com
Preston Quesenberry | +1 202 533 3985 | pquesenberry@kpmg.com
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