In the world of taxes, all who file for exempt organizations must have the best luck ever. After your tax end date, you have five months to file your tax return, or you can file an extension and receive three months of extra time, followed by the option of filing a second extension and getting another three months.
In total, that’s 11 months to prepare for and file a tax return. Not that we’re saying filling out a tax-exempt return is a brisk, afternoon activity, trust us, we know. But 11 months is a fairly long time… Until time is up.
Unfortunately, that time is upon us as today is the final day of the year for exempt organizations to file their tax returns. Now when we say “final,” we’re speaking about organizations that meet these conditions:
- Operate on a Calendar Tax Year
- Required to file Form 990-EZ or Form 990 (Long)
- Filed an Extension Form 8868 Part II this past August
With a Calendar Tax Year, your tax dates are from January 1. to December 31, which means your original due date to file a return was May 15. If you filed Extension Form 8868 Part I during that time, then your date was extended to August 15. At that time, you have the choice to file Extension Form 8868 Part II, and if accepted, your due date gets extended to November 15.
Luckily, or terribly if that’s how you see it, November 15 was this past Sunday. And the good ol’ folks at the IRS have a rule stating that any tax deadline falling on the weekend, or a national holiday, is pushed back to the next business day.
Filing the Form 990-EZ means that your exempt organization has gross receipts greater than $50,000, but less than $200,000, and total assets less than $500,000. For Form 990 (Long), your organization must have gross receipts greater than $200,000 and total assets greater than $500,000. Any exempt organization with less than $50,000 in gross receipts is required to e-file Form 990-N (e-Postcard).
Tax-exempt returns that are due today must be transmitted by Midnight local time so head on over to our affiliate site, ExpressTaxExempt, where all your exempt organization e-filing needs can be made easy. And if you use ExpressExtension strictly for exempt organization extensions, consider ExpressTaxExempt your new #1 home for everything tax exempt.
Keep your tax-exempt extensions and forms all under one account with ExpressTaxExempt, and still enjoy the same e-filing features you’ve come to trust with ExpressExtension. Our live support team in Rock Hill, South Carolina is at the edge of their seats waiting for any questions or concerns you may have about e-filing a tax extension. Contact us at (803) 514-5155, Monday through Friday from 9 a.m. to 6 p.m., EST. We can also be reached 24/7 through firstname.lastname@example.org, or chat with us live at www.expressextension.com.