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.