The Internal Revenue Service reminds taxpayers of the ability to submit electronic requests for relief for certain late-filed international documents.

As part of a step toward full digitalization, the electronic option introduced August 2023, applies to the following filings:

1. Gain recognition agreements,
2. Late-filed dual consolidated losses, and
3. Partnership gain deferral contributions.

How the process works

Requests can be submitted via eFax at 855-582-4842. Guidance for making each request can be found on IRS.gov using the following links:

• Relief for gain recognition agreements
• Late filing relief for dual consolidated losses
• Relief for partnership gain deferral contributions

Benefits for taxpayers and tax administration

The ability for taxpayers to securely communicate with the IRS reduces their correspondence burden while supporting IRS tax administration work. It also helps provide immediate documentation delivery to the IRS.

For IRS employees, transitioning away from the manual mailing process reduces paper documentation and improves processing time, which benefits taxpayers including those living internationally.

If you have any questions regarding Essential Business Accounting, Domestic Taxation, International Taxation, IRS Representation, U.S. Tax Implications of Real Estate Transactions or Financial Statements, please give us a call at +1-305-274-5811

Source: IRS