The IRS recently issued proposed regulations regarding the requirement to electronically file all Forms 1040, 1041 and 990-T. However, the regulations provide that the taxpayer may opt out of the electronic filing by providing a signed and dated opt-out statement. The regulations contain the opt-out statement.

Certain technical issues may prevent the filing of certain returns. Examples in the past have included large number of K1 information or Forms 8886. The IRS will exempt these types of returns from the electronic filing requirements.

For more information contact your Kaufman, Rossin professional.