SECTION 4. DELAY OF

APPLICATION OF ELECTRONIC FILING MANDATE FOR FORMS 4720

The IRS expects that a modified paper version of the Form 4720 will be available for use at the beginning of 2021. Under the authority granted to the Secretary in section 3101(d)(2) of the TFA, private foundations may continue to file the paper version of the Form 4720 until electronic filing of Form 4720 is available and the IRS announces that electronic filing of the Form 4720 is required (expected to be in early 2021). Once electronic filing is required, any Forms 4720 filed by private foundations after such date must be filed electronically in accordance with the instructions to Form 4720 prescribed by the IRS.