United States: Mandatory electronic filing extended to nonprofits
Signed into law on 1 July 2019, The Taxpayer First Act includes the following provisions:
- Extension of the requirement for nonprofit organisations to electronically file the IRS annual information returns to all tax-exempt organisations who must file returns
- Extension of mandatory e-filing to the periodic contribution and expenditure reports (Form 8872) filed by Section 527 political organizations
- The IRS must publicly release data from these return in machine readable format as soon as practicable
Mandatory e-filing will be required for most tax-exempt nonprofit organizations in 2021, and for all tax-exempt nonprofits that file returns with the IRS by 2022.