A reminder for nonprofits: The Taxpayer First Act requires most tax-exempt organizations to electronically file information returns and related forms. The new law affects these organizations in tax years starting after July 1, 2019. According to the IRS, the following forms are included in the mandate: Form 990, Return of Organization Exempt from Income Tax; Form 990-PF, Return of Private Foundation or Section 4947(a)(1) Trust Treated as Private Foundation; Form 8872, Political Organization Report of Contributions and Expenditures; and Form 1065, U.S. Return of Partnership Income (if filed by a Section 501(d) apostolic organization). Learn more: https://bit.ly/2Qv8ZuH. Call or visit our website for more information! www.mjscpa.com/
