Organizations who filed an extension for the May 15, 2017 tax filing deadline must submit their appropriate 990 return by tomorrow, November 15
In order to have this deadline, 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 is only applicable if your organization operates on a Calendar Tax Year.
Organizations with a Fiscal Tax Year have a second extended deadline six months beyond the 15th day of the 5th month after your tax period ends (only if you filed Part I & Part II).
What Exactly Do I Need To File?
is the Return of Organization Exempt From Income Tax form which many tax exempt organizations such as religious groups, educational groups, charities, and other nonprofit groups are required to file each year to provide the public with financial information about their organization.
Forms included in the Form 990 Series are Form 990, 990-EZ, 990-PF, and 990-N. These forms should be filed each year by a leader within your organization.
Failure to File Penalties
Failing to file by the November 15 deadline will lead to very expensive penalties, depending on the amount of gross receipts for your organization. If your organization collects $1,000,000 a year and you’re late with filing, the IRS will charge a penalty of $20 each day your form is late. The maximum penalty would be $10,000 or 5% of your gross receipts, whichever is the smaller amount. The penalty charge shoots up to $100 per day with a maximum of $50,000 for organizations that exceed $1,000,000 in gross receipts.
Filing Your Return In Time
Although the clock is ticking, you still have time to file by tomorrow’s deadline. The most simple and safest way to file your taxes online is through ExpressTaxExempt, the #1 IRS authorized e-file provider.
interview-style process allows you to complete your 990 form and instantly transmit it directly to the IRS. Simply follow the 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.
Benefits of Filing with ExpressTaxExempt
Our recently reduced pricing
for filing Form 990 Series returns is paired with several exclusive features such as bulk upload for large amounts of information, mobile filing for iOS and Android devices, error-checks which make sure you don’t leave any necessary fields blank, and live phone, chat and email support for any questions you may have.
takes the security of its users very seriously and ensures that all information entered is stored with our intensive, up-to-date web securities which are guaranteed to safeguard your private information.
We’re Always Here To Help
If you have any questions regarding the e-filing process give the dedicated ExpressExtension
support team a call. We’re available Monday – Friday from 8:30 AM to 5:30 PM EST at 803.514.5155. We also are available via live chat and offer 24/7 email support at firstname.lastname@example.org
. We will be more than happy to answer any questions that you may have.