New law expands eFile requirements

Start adding items to your reading lists:
or
Save this item to:
This item has been saved to your reading list.

September 2019

Overview

The Taxpayer First Act (Act), signed into law by President Trump on July 1, introduces two important changes for tax-exempt organizations. First, the Act expands the requirement to electronically file annual returns to include all Form 990-series returns (e.g., Forms 990 and 990-PF filed by small organizations, Forms 990-T). Second, the Act requires the IRS to notify an organization prior to automatically revoking its tax-exempt status for failing to file annual returns or notices under Section 6033(j).

loading-player

Playback of this video is not currently available

The takeaway

The transition to electronically filing all Form 990-series returns, including all Forms 990-PF and 990-T, will be a significant change for many organizations, their advisors, and their software providers. The return data will be more readily available for the IRS to query as part of its data-driven examination procedures, and also will be more readily available to the public.

PwC will be monitoring the rollout and implementation of these changes and will issue a subsequent Insight when additional guidance is released.

Contact us

Rob Friz

Health Services Tax Leader, PwC US

Follow us