Mandatory Electronic Filing of Form 990s Proposed

Interest is growing in support of requiring most charitable nonprofits to file their IRS Form 990 annual informational tax returns electronically rather than submitting them on paper. The IRS’s Advisory Committee of Tax Exempt and Government Entities (ACT) formally recommended mandatory e-filing in its annual report this month. The panel of outside experts urged that the IRS “should support a Congressional mandate to require electronic filing of the Form 990 series and should also take interim steps to encourage and provide incentives for voluntary e-filing of the Form 990 series for exempt organizations that are not subject to the mandatory e-filing requirements.” Also, a new bill pending in the Senate, among other things, would require exempt organizations to file their annual information returns electronically, and the IRS to then publish the forms in a machine-readable format shorty after filing, which is consistent with a court decision in January ordering the IRS to make Form 990s available in machine-readable format instead of as PDF files.

Post date: June 30, 2015
Topics: News from the National Council

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