As of 2020, the number of IRS Forms that can be signed electronically has increased to sixteen. An E-signature allows you to sign your forms electronically so that you do not have to send a physical copy of your IRS Form.
As this helps you to save on mailing costs, you will also be saving time. Needless to say, IRS Forms signed electronically are processed faster compared to those filed with other methods. However, you also need to use additional software, which is called ERO.
This software is authorized by the IRS and ensures the identity verification and e-signature of the taxpayer. Of course, ERO needs to record the name, address, date of birth, and social security number of taxpayers electronically to use them in the verification process.
Here are all the IRS Forms that can be signed electronically today:
- Form 706, U.S. Estate (and Generation-Skipping Transfer) Tax Return
- Form 706-NA, U.S. Estate (and Generation-Skipping Transfer) Tax Return; Form 709, U.S. Gift (and Generation-Skipping Transfer) Tax Return
- Form 1066, U.S. Income Tax Return for Real Estate Mortgage Investment Conduit
- Form 1120-ND, Return for Nuclear Decommissioning Funds and Certain Related Persons
- Form 1120-RIC, U.S. Income Tax Return For Regulated Investment Companies
- Form 1120-C, U.S. Income Tax Return for Cooperative Associations
- Form 1120-REIT, U.S. Income Tax Return for Real Estate Investment Trusts
- Form 1120-L, U.S. Life Insurance Company Income Tax Return
- Form 1120-PC, U.S. Property and Casualty Insurance Company Income Tax Return
- Form 3115, Application for Change in Accounting Method
- Form 3520, Annual Return To Report Transactions With Foreign Trusts and Receipt of Certain Foreign Gifts
- Form 3520-A, Annual Information Return of Foreign Trust With a U.S. Owner
- Form 8453 series
- Form 8802, Application for U.S. Residency Certification
- Form 8832, Entity Classification Election
- Form 8878 series
- Form 8879 series
All these forms and the series of IRS Forms can be electronically signed and help you to save time. We are pretty sure that the IRS will provide support for e-signature on more forms in the future.
