By Michael Cohn, Accounting Today
The Internal Revenue Service is asking more charities and tax-exempt organizations to file their information returns electronically as required by the Taxpayer First Act of 2019, but its aging systems are experiencing delays that are frustrating tax professionals.
Members of the American Institute of CPAs’ Exempt Organizations Taxation Technical Resource Panel told IRS officials about the problems they have been experiencing during an online meeting Thursday, and pointed out that many of the issues were connected with the IRS’s Exempt Organizations Business Master File system. They complained that the inability to update the system in a timely manner has caused plenty of disruptions for many tax-exempt organizations.
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