IRS extends electronic signature use on slew of forms
Good news: Your company can continue to rely on an electronic signature for many different tax forms through the end of the year.
IRS recently extended the use of electronic and digital signatures on many tax forms until Dec. 31, 2021.
This extension applies to paper forms that can’t currently be e-filed. For example: Form 3115, Application for Change in Accounting Method, Form 1120-FSC, U.S. Income Tax Return of a Foreign Sales Corporation and Form 8283, Noncash Charitable Contributions.
What counts as an e-signature?
So just what’s acceptable as an e-signature? Your company has a long list to choose from, including a:
- typed name typed on a signature block
- scanned or digitized image of a handwritten signature that’s attached to an electronic record
- handwritten signature input onto an electronic signature pad
- handwritten signature, mark or command input on a display screen via stylus device, and
- signature created by a third-party software.
- Share on
Free Training & Resources
White Papers
Provided by Personify Health
Further Reading
Believe it or not, there’s still money left on the table for companies that kept workers on their payrolls while struggling to stay a...
Reorganizing data layouts is a common challenge for financial professionals. Excel’s Transpose feature lets you quickly switch rows and c...
Repetitive data entry tasks can drain productivity. Excel’s Autofill and Flash Fill features automate these tasks, saving time and reduci...
Sales tax compliance is a demanding job for finance teams like yours. For example, comparing the number of tax rate changes across the U...
Not all companies handle payroll records the same way. Firms may keep data in multiple systems — payroll, HR, timekeeping and the gen...
Companies are now complying with the Securities & Exchange Commission’s (SEC) cybersecurity breach rule. Or maybe over-complying ...
