If You Filed a Form 8868 Extension in May, it’s Time to File Your Organization’s 990!
It’s hard to believe that May was six months ago! It probably feels like just yesterday you were filing your organization’s extension Form 8868.
If you just didn’t have enough time to get your Form 990 filing together in time to meet your deadline, no problem! You did exactly what you needed to do and filed an extension Form 8868. This allowed you six additional months to complete your tax return.
There are some exceptions to this if you are located in an area covered under a FEMA declaration. This will result in automatic tax relief.
Has the extended deadline snuck up on you? Don’t worry, this is everything you need to know to get caught up and meet your deadline.
Know your Extended Deadline
Since your Form 990 was originally due to the IRS back in July, you filed a six-month extension. This means that your deadline will be November 15, 2021. The fifteenth day of the month falls on a Monday this year. This gives you less than a week to file with the IRS.
IRS Disaster Relief
As mentioned, there are some exceptions to the deadline due to natural disasters and damaging weather events that have affected different areas around the country.
The IRS is extending tax relief to tax-exempt organizations that have a valid extension expiring on November 15, 2021, in affected areas of several states.
These states and their extended deadlines are as follows:
- Philadelphia (January 3, 2022)
- Mississippi (January 1, 2022)
- New Jersey (January 3, 2022)
- New York (January 3, 2022)
- Louisiana (January 1, 2022)
- Connecticut (January 3, 2022
For more in-depth information, please visit, https://www.irs.gov/newsroom/help-for-victims-of-hurricane-ida
Electronic Filing is Required
That’s right, the IRS has mandated e-filing for the 990 Series of forms. This is in effect for all organizations with a tax year ending after July 1, 2019.
This may be an adjustment for your organization if you are used to paper filing, however in the long run e-filing is actually much easier! It is proven that forms e-filed with the IRS are more accurate and contain fewer simple errors than their paper counterparts!
If you are new to e-filing, the first thing you should do is choose an Authorized E-file Provider to transmit your organization’s 990 Form with the IRS.
Not sure where to find the perfect e-file provider? No worries! Did you know that our sister product, ExpressTaxExempt is an industry-leading e-file provider for tax-exempt organizations?!
E-file Easily and Accurately with ExpressTaxExempt
If you are stressed about meeting your November 15 deadline, ExpressTaxExempt is the answer. When e-filing with ExpressTaxExempt you can choose between a form-based or interview-based filing method.
If you are comfortable with the layout of the 990 Form and are used to filling out the paper copy, we suggest that you choose the form-based option.
If you are not as familiar with the layout and instructions for the 990 Form, we suggest the interview-based filing flow. This will prompt you with questions about your organization and help you file accurately based on your answers.
In addition to an intuitive filing flow, ExpressTaxExempt offers excellent customer support. If you find yourself lost in the process, you can reach out by phone, email, or even live chat. Plus, the application audits your form to check for common errors.
ExpressTaxExempt has your filing needs covered, they support:
- Form 990-N
- Form 990-EZ
- Form 990
- Form 990-PF
- CA Form 199 (California State Form)