What counts as an electronic signature? IRS explains
Sign here! Signing documents digitally has become mainstream in the past couple years. Even IRS has a long list of forms it’ll let people e-sign, at least temporarily.
But what’s acceptable?
After all, digital signatures can come in many formats, generated with a wide range of technologies.
5 ways to e-sign
IRS recently updated its electronic signature policy. Turns out, digital signatures will be allowed until Oct. 31, 2023.
As for acceptable e-sign methods? IRS listed five to choose from:
- You can type your name on a signature block.
- A scanned or digitized image of a handwritten signature that’s attached to an electronic record is allowed.
- You may choose to use a handwritten signature inputted via an electronic signature pad.
- A handwritten signature, mark or command could also be inputted via a display screen with a stylus device.
- Or, IRS will accept a signature created by a third-party software.
Another form added
So, what forms will IRS temporarily let you e-sign? Recently, the list has grown, with Form 1042, Annual Withholding Tax Return for U.S. Source Income of Foreign Persons, added to the list.
Furthermore, other forms found on the list include:
- 637, Application for Registration (For Certain Excise Tax Activities)
- 1127, Application for Extension of Time for Payment of Tax Due to Undue Hardship
- 2678, Employer/Payer Appointment of Agent
- 3115, Application for Change in Accounting Method, and
- 8973, Certified Professional Employer Organization/Customer Reporting Agreement.
Free Training & Resources
White Papers
Provided by Anaplan
Webinars
Provided by Yooz
Further Reading
A recent ransomware attack illustrates why an attacked company that pays ransom shouldn’t expect the hackers to live up to their end ...
A rolling forecast in Excel helps you stay current by updating automatically as you enter new data, unlike traditional static forecasts, wh...
Threat actors, hackers, cyber thieves — they go by many names, but they’ve all got one characteristic in common. They aim at th...
Despite how important monthly financial close is, many companies still struggle to close their books within one workweek, according to a su...
Controllers typically don’t do the same things every day. For an avid numbers-cruncher, the variety of projects and areas of the busi...
Efficient navigation is key when working with large datasets and multiple worksheets in Excel. Mastering navigation shortcuts can save you ...