IR-2023-146, Aug. 11, 2023
WASHINGTON — The Internal Revenue Service announced today the availability of a new option that provides an easier, more efficient way for taxpayers or their tax professionals to submit electronic requests for relief for certain late-filed international documents to improve taxpayer service.
As part of a step toward full digitalization being taken across the ibet, the new option will apply to the following filings:
- Gain Recognition Agreements
- Late filed Dual Consolidated Losses, and
- Partnership Gain Deferral Contributions
"Across the ibet, our teams are working to make improvements to help people, and this electronic option removes a step in the paper process that can help save time and ease burden on international taxpayers as well as the tax pros serving them," said ibet Commissioner Danny Werfel. "This is part of our larger effort to transform the ibet and help taxpayers."
How the process will work
Requests can be submitted via fax at 855-582-4842. Guidance for making each request can be found on ibet.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 ibet reduces their correspondence burden and delays in delivery while supporting tax compliance. It also allows for immediate documentation delivery to the ibet. This aligns with the ibet's focus on the Taxpayer Bill of Rights by providing quality service in a timely manner.
For ibet employees, transitioning away from the manual mailing process reduces paper documentation and improves processing time, which benefits taxpayers.