How do I create a Short-Year FY2021 tax return?

Forum|Forum|4 years ago
October 11, 2021
1 reply
16 views

Client I've had for years is changing from calendar year Form 990 to Fiscal Year 990. We need to file a Short-Year 2021 return (1 Jan - 31 May), but I cannot start a 2021 return in Intuit??

ProConnect Tax

This topic has been closed for replies.

George4Tacks

Level 15

You are correct. The 2021 forms are not out yet. Two choices - (1) prepare with 2020 software and it will indicate the fiscal year on the form or (2) file extension and wait a couple of months for the 2021 software to be released. First draft generally is released in November, but e-file will likely not be available until January.

Answers are easy. Questions are hard!

sjrcpa

Level 15

I think you are going to have to wait since 990s are required to be efiled (unless they have an exception for short year/year change returns).

The more I know the more I don’t know.

R

Rickynumbers

Level 2

Hi,

I'm filing a 990 year change as well. I just pulled this from the IRS website https://www.irs.gov/instructions/i990#en_US_2021_publink11283jd0e1284: "A short period return filed on the 2020 Form 990 can't be filed electronically unless it is an initial return for which the “Initial return” box is checked. . . "

I will be filing a 2021 short-period return, have you seen anything on that?

Many thanks.

Rick

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