IRS Mandates Electronic Filing of Form 990-T

The Taxpayer First Act required certain exempt organizations to file information and tax returns electronically for tax years beginning after July 1, 2019. The IRS continued to accept Form 990-T, Exempt Organization Business Income Tax Return, for 2019 tax years on paper until they could convert the form to an electronic format.

As of the beginning of March 2021, software has been made available to file Form 990-T electronically. Effective in 2021, any 2020 Form 990-T with a due date on or after April 15, 2021, must be filed electronically and not on paper. A limited exception applies for 2020 Form 990-T returns submitted on paper postmarked on or before March 15, 2021.

If your nonprofit organization files its own 990-T, information about software providers supporting the electronic filing of Form 990-T can be found on the IRS’s Exempt Organizations Modernized e-File (MeF) Providers page.

If Yeo & Yeo prepares your organization’s Form 990-T, we will e-file the form according to this recent IRS mandate unless we submitted a paper return before March 15.

For assistance with preparing and filing any Form 990, contact a member of Yeo & Yeo’s Nonprofit Services Group or your local Yeo & Yeo office.