July 21, 2021
IRS issues proposed regulations intended to increase electronic filing
The IRS has issued proposed regulations (REG-102951-16) that would amend the rules for electronically filing partnership returns, corporate income tax returns, unrelated business income tax returns, withholding tax returns, and certain information returns, registration statements, disclosure statements, notifications, actuarial reports, and certain excise tax returns. The proposed amendments reflect changes made by the Taxpayer First Act of 2019 (TFA) and also withdraw the 2018 proposed regulations. A Tax Alert is forthcoming.