IRS new FAQs on faxing refund claims not available for Form 990-T filers

IRS new FAQs on faxing refund claims

The IRS today updated a set of “frequently asked questions” (FAQs) addressing how taxpayers can file claims for eligible refund claims related to the net operating loss (NOL) carryback provisions of the “Coronavirus Aid, Relief, and Economic Security Act” (CARES Act) (Pub. L. No. 116-136).

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The FAQs clarify that temporary procedures to fax Form 1139 or 1045 to submit a tentative refund claim for either an NOL carryback or alternative minimum tax (AMT) credit are not available to tax-exempt organizations looking to claim such refunds associated with a previously filed Form 990-T.  Rather, tax-exempt organizations must mail an amended Form 990-T to the address shown in the Instructions for Form 990-T and may attach a Form 1139 or 1045 to the amended Form 990-T to show the computation of the refund claim.

The IRS initially issued these FAQs earlier in April 2020 and today updated certain of the previously issued FAQs that concern refund claims filed on Form 1045, and added new FAQs 15 to 18, question 18 of which addresses tax-exempt organizations. [The FAQs that have been amended or added are indicated by the IRS.]

Read the FAQs (as updated April 30, 2020).

Read TaxNewFlash on the updated FAQs.


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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