January 20, 2005
Government Requires Electronic Filing
The Internal Revenue Service announced last week that some large nonprofit organizations will be required to file their federal informational tax returns over the Internet starting next year.
In new regulations, the IRS said that for returns that cover the 2005 tax year and are due to be filed in 2006, charities with total assets of $100-million or more will have to submit their Forms 990 electronically.
For returns that cover the 2006 tax year and are due to be filed in 2007,
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