How To File Extension Form 8868

Tax season is still lingering in the air with a few more upcoming deadlines. For example, the Return of Organization Exempt From Income Tax Form 990 is due on May 15th. Wow, that deadline is actually closer than you think! We hope you’re ready to file for your tax-exempt organization, but if you need more time, don’t worry. Simply head to ExpressExtension to e-file Form 8868.

Form 990

The purpose of Form 990 is so that the IRS can make sure that tax-exempt organizations aren’t abusing their tax-exempt status. It also serves as the only means to make the organization’s financial records available to the public.

The fees for failing to file your Form 990 by the deadline are pretty substantial. For example, if your organization has less than $1,000,000 in gross receipts for the tax year the IRS will impose a penalty your organization $20 a day per every day that your return is late. Depending on which is less, the maximum penalty will be $10k or 5% of your organization’s gross receipts.

If your organization has over $1,000,000 in gross receipts then the fee is upped to $100 per day with a maximum fee of $50K!

Form 990 is due on the 15th day of the 5th month of your organization’s tax year, so for most organizations, the deadline is May 15th, which is only days away.

If you need more time to file instead of getting hit with fees and penalties, give yourself more time to file qith IRS Extension Form 8868.

Exempt Organization Tax Extension Form 8868

IRS Form 8868 is the form used by charities, nonprofits, and other tax-exempt organizations to apply for an automatic 6-month extension to file their return. Because the form is automatic you don’t even need to provide the IRS with a valid reason for needing an extension. All you have to do is complete Form 8868 by the May 15th deadline!

The only thing you have to keep in mind is that Form 8868 can’t be used to extend the deadline for Form 990-N (e-postcard) and Form 8870 can’t be e-filed with Part I or Part II, but we can generate the form in your account for your to print, complete, and mail.

The e-filing process for Form 8868 is incredibly quick and easy. All you have to do is create a free ExpressExtension account and click “Create Exempt Org Tax Extension” to get started. Then our step-by-step guide will help you correctly complete your form in a matter of minutes.

You will enter your basic information about your organization such as its name, address, EIN/Tax-ID. Then you’ll enter which Form 990-EZ, 990 you typically file and your tax year.

Next, we will present you with a summary of your information for you to check and make sure all of your information was entered correctly. We will also perform an audit check to make no boxes were left empty or unchecked.

Once any corrections have been made you can pay for your form and transmit it directly to the IRS. Then within minutes, once your extension has been approved we will notify you via email. You can also check your dashboard for live status updates about your form.

The process is so convenient that you don’t even need a computer to file. Download the Free ExpressExtension app to your smartphone or tablet to quickly e-file Form 8868 at any time, from any location!

We’re Here To Help

If you have any questions about the e-filing process please don’t hesitate to contact the awesome ExpressExtension support team. We’re available Monday – Friday from 8:30 AM to 5:30 PM at 803.514.5155. We also offer live chat and 24/7 email support at [email protected]

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