![]() ![]() This year, in its exempt organization’s updates, the IRS announced that organizations filing the Form 990 Series must e-file their returns, starting with the tax year ending July 31, 2020. The Taxpayer First Act (TFA) was signed into law July 1, 2019, and requires certain exempt organizations to file information and tax returns electronically, beginning with the tax years after the law was signed. ![]() ![]() In a world where technology is rapidly advancing, moving away from paper tax filing may seem natural however, as with any new process, electronic filing (e-filing) creates limitations and serious issues to consider. For the past few years, the Internal Revenue Services (IRS) has actively prepared for the rollout of mandatory electronic filing for exempt organizations. ![]()
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