Apparently not. Today is 4/29, just checked my updates and it is still not available. If this was to be released why is the Form Status website still listing this as a form that will be updated within 10 days of final version availability?
I just looked today after doing an update in Lacerte and form 4720 is still not available in the Exempt Organization section. I cannot understand why a form that is due on May 15th is not even available in the program on May 6. It says in the Lacerte form availability list that the form "historically has been released within ten days of final version availability". I just looked at the IRS website and it appears the revised version of 4720 was published on 03/29/2021 (see screenshot below). So, if I am reading this correctly then 5 weeks have past since it was published, which is a lot longer than 10 days. Any info on this would be helpful given the deadline is 9 days away and the fact that nobody at support could provide a date of release.
Just did my Tuesday update. It is there now. However, I received an erroneous critical diagnostic about needing to check the e-file box for this form as it can not be filed on paper. I did and it did not go away. I went ahead and created the efile (I wanted to check the schema and see if it created it) and the process of doing that the diagnostic went away. So looks like we can e-file and print the copy for the client now.