Taxes, taxes, taxes! They just keep coming! There was your business income tax return, then your personal income tax return, but soon the information returns deadline for nonprofits will be here on May 15th! Yikes, just when you though tax season was over, it’s time to file for your nonprofit organization. But, don’t worry if you need more time to file your Form 990, simply head to ExpressExtension to get an automatic 6-month extension.
How To Get An Extension On Your 990
Form 990 is the Return of Organization Exempt from Income tax and it must be filed on an annual basis by the 15th day of the 5th month of your tax-exempt organization’s tax year. So, generally, this date falls on May 15th. You’re required to file this form to make your financial information available to the public and so the IRS can make sure you aren’t abusing your tax-exempt status.
Now to obtain a tax-exempt status you actually have to apply to the IRS for it. Tax-exempt organizations usually are classified as those that serve the public, like nonprofit organizations, charities, religious organizations, groups against animal abuse, and more.
Sometimes these organizations need a little more time to file their taxes for various reasons. For example, it could be their busy season around the deadline time, they could be out on a mission trip, or they simply need a little extra time to gather the information necessary to complete their 990.
If you need more time, for whatever reason, check out ExpressExtension to e-file Exempt Organization Form 8868. IRS Form 8868 is the form used by nonprofits, charities, and other tax-exempt organizations to quickly apply for an automatic 6-month extension.
Because this form is automatic you don’t have to provide the IRS with a valid reason for needing an extension. All you have to do is complete the form by the May 15th deadline, and your extension will be approved in a matter of minutes.
Form 8868 used to only provide a 3-month automatic extension then your could apply for another non-automatic 3-month extension until the IRS combined the two to create one automatic 6-month extension.
The only things to remember with IRS Form 8868 are that you can’t use the form for an extension on the 990-N (e-postcard) and IRS Form 8870 can’t be e-filed with part I or part II, but we can generate a Form 8870 for you to print from your account to complete and mail.
To e-file Form 8868 gather the material required to e-file, which include your organization’s name, address, EIN/Tax-ID, tax year period, and which 990 you typically file. Then create your free account with ExpressExtension to get started.
Click ‘Create Exempt Org Tax Extension’ in the dashboard and follow the step-by-step guide to complete your form. The process will show you what fields to enter and will present you a summary of your information so you can proofread it.
Then ExpressExtension will perform an audit check on your form to make sure no boxes were left empty. After that you can pay for your form and transmit it to the IRS. The process is incredibly simple and only takes a minute or two. Then once your extension has been approved, usually within minutes, we will notify you via email!
Get More Time!
If you need more time to file, then e-file Form 8868 to instantly receive an automatic 6-month extension! If you have any questions contact our dedicated support team at 803.514.5155. We’re also available via live chat and offer 24/7 email support at [email protected]