The IRS today issued a release announcing its intentions to revise Form 1024-A, “Application for Recognition of Exemption Under Section 501(c)(4),” and the related instructions to allow electronic filing.
According to an IRS transmittal message, the IRS expects electronic filing to be available early in 2021, at which point applications for recognition of exemption on Form 1024-A must be submitted electronically.
The IRS stated that it will provide a grace period during which it will continue to accept paper versions of Form 1024-A.
For more information, contact a tax professional with KPMG’s Washington National Tax practice:
Ruth Madrigal | +1 202 533 8817 | firstname.lastname@example.org
Preston Quesenberry | +1 202 533 3985 | email@example.com
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