September 11, 2020 2020-2206 IRS expands list of forms that may be filed with e-signatures On September 10, 2020, the IRS announced that it was adding six more forms to the list of those it will temporarily accept with electronic or digital signatures (e-signatures). The IRS had announced on August 28, 2020, the same temporary change for 10 other forms that normally must be signed with a handwritten signature (See Tax Alert 2020-2148). The temporary e-signature procedure is effective for the specified forms filed on or before December 31, 2020. The IRS updated its August 28, 2020, memo to include the following forms: - Form 706, U.S. Estate (and Generation-Skipping Transfer) Tax Return
- Form 706-NA, U.S. Estate (and Generation-Skipping Transfer) Tax Return
- Form 709, U.S. Gift (and Generation-Skipping Transfer) Tax Return
- Form 1120-ND, Return for Nuclear Decommissioning Funds and Certain Related Persons
- Form 3520, Annual Return To Report Transactions With Foreign Trusts and Receipt of Certain Foreign Gifts
- Form 3520-A, Annual Information Return of Foreign Trust With a U.S. Owner
In its original announcement, the IRS had listed the following forms: - Form 3115, Application for Change in Accounting Method
- Form 8832, Entity Classification Election
- Form 8802, Application for U.S. Residency Certification
- Form 1066, U.S. Income Tax Return for Real Estate Mortgage Investment Conduit
- Form 1120-RIC, U.S. Income Tax Return for Regulated Investment Companies
- Form 1120-C, U.S. Income Tax Return for Cooperative Associations
- Form 1120-REIT, U.S. Income Tax Return for Real Estate Investment Trusts
- Form 1120-L, U.S. Life Insurance Company Income Tax Return
- Form 1120-PC, U.S. Property and Casualty Insurance Company Income Tax Return
- Form 8453 series, Form 8878 series, and Form 8879 series regarding IRS e-file signature authorization forms
The IRS memo does not prescribe any specific method for e-signing the specified forms. Taxpayers may therefore choose their preferred e-signature method. ——————————————— Contact Information For additional information concerning this Alert, please contact: |
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