In 2020, the IRS continued to accept paper 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, pending conversion into electronic format. The new law affects tax-exempt organizations in tax years beginning after July 1, 2019.įorms 990-T & 4720 are available for e-filing in 2022.
The Taxpayer First Act, enacted July 1, 2019, requires tax-exempt organizations to electronically file information returns and related forms. Also, organizations requesting determinations under Section 521 are now able to use the electronic Form 1024 instead of Form 1028, Application for Recognition of Exemption Under Section 521. 01-2018) and letter applications however, after April 4 the Form 1024 must be submitted electronically. The IRS will provide a 90-day grace period during which it will continue to accept paper versions of Form 1024 (Rev. Instead, these requests must be made on the electronic Form 1024. As of January 3, 2022, Form 1024, Application for Recognition of Exemption Under Section 501(a) or Section 521, is available for electronic filing on Pay.gov.
Information about any future developments affecting Publication 557 (such as legislation enacted after we release it) will be posted on that page.Įlectronic Form 1024. The IRS has created a page on IRS.gov for information about Publication 557, at IRS.gov/pub557.
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