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11/15/2017

The November 15 Deadline is Here! What's Next?


The November 15 filing deadline for tax exempt organizations is here!! 

If you’re not aware of today’s deadline and what is due, let’s do a quick recap to bring you up to speed.

Form 990 Series

Tax exempt organizations are required to file one of the following tax returns annually: 

Form 990 is filed by organizations with gross receipts more than or equal to $200,000 or total assets equal to or greater than $500,000.

Form 990-EZ is the Short Form Return of Organization Exempt From Income Tax and is filed by organizations with gross receipts less than $200,000 and $500,000 in total assets.

Form 990-N is for organizations with gross receipts that are less than or equal to $50,000. This form can only be filed electronically.

Form 990-PF is filed by Exempt & Taxable Private Foundations as well as Non-Exempt Charitable Trusts which the IRS treat as private foundations.

Click here to find out what information you’ll need to have in order to file these forms.

Does My Organization Need to File?

All organizations are not required to file on today’s deadline. In order for the November 15 deadline to apply to your organization, you must have filed Part I of extension Form 8868 back in May, and then, filed Part II before the end of your extended deadline in August. This can only be applicable if your organization operates on a Calendar Tax Year.

The standard Form 990 deadline is the 15th day of the 5th month after your tax year ends. That means for organizations with a calendar tax year that ends in December the 990 deadline is on May 15th.

However, if you have a fiscal tax year, meaning your tax year consists of 12 consecutive months and ends any month besides December, your deadline is in a different month. 

There are two types of organizations that must file today:
  1. Organizations with a tax year that ended on June 30.
  2. Organizations whose original filing deadline was May 15 but filed an automatic extension (Form 8868). 
If your organization ended its accounting period (tax year) on June 30, you have the option to file your return today or apply for extension to file with Form 8868. 

If your organization was required to file on May 15 and was granted a 6-month extension to file, you must file today since there is not another extension that can be filed. 


The Easiest Way to File

If you're just now finding out that you need to file, our sister product ExpressTaxExempt is the best option to use. ExpressTaxExempt eliminates the worry about missing your Form 990 filing deadline! With its simple, interview style e-filing process, you can complete your form and instantly transmit it directly to the IRS.

They offer easy e-filing for Form 990 Series returns (Form 990, Form 990-N (e-Postcard), Form 990-EZ, and Form 990-PF) so you can quickly file the correct 990 Form for your organization. For more information on e-filing pricing, click here.

Follow the simple step-by-step guide to create your free account, enter basic information about your organization, complete the form interview, review your information and audit report, pay for your form, and transmit it directly to the IRS. The entire process is completed in 5 simple steps!

Let Us Help You File

Although time is winding up, you still have enough time to file your Form 990 with ExpressTaxExempt. If you have any questions, feel free to contact our support team of e-file experts at 704.839.2321 for any questions or help with your e-filing experience. We’re available Monday through Friday from 9 a.m. to 6 p.m. EST, and even offer extended customer support hours tonight for the November 15 deadline. You can also reach us 24/7 via email with support@ExpressTaxExempt.com.

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