Many tax-exempt organizations have filed their 990 series forms electronically for several years. Some smaller organizations are still submitting their 990, 990-EZ or 990-PF in paper form to the Internal Revenue Service (IRS). The Taxpayer First Act enacted July 1, 2019 includes mandates for all tax-exempt organizations to file their forms electronically.

Those who previously filed paper forms will receive letters from the IRS information them of the change. The change to an electronic filing requirement varies by form type.

Form 990, Return of Organization Exempt from Income Tax and 990-PF, Return of Private Foundation or Section 4947(a)(1) Trust Treated as Private Foundation with tax years ending July 31, 2020 and later MUST be filed electronically.

Form 990-EZ, Short Form Return of Organization Exempt from Income Tax with tax years ending August 31, 2020 and later MUST be filed electronically.

Form 8872, Political Organization Report of Contributions and Expenditures reporting for periods starting on or after January 2020 by Section 527 organizations MUST be filed electronically.

Currently the IRS has not converted Form 990-T, Exempt Organization Business Income Tax Return and Form 4720, Return of Certain Excise Taxes Under Chapters 41 and 42 of the Internal Revenue Code to electronic format but is working on the conversion and plans to have these returns ready for electronic filing in 2021 (reporting on tax year 2020). Until the conversion is complete, the IRS will continue to accept these as paper forms.

Please contact PBMares, LLP if you have questions.