May 15th is the Biggest Form 990 Deadline of the Year! Extend Your Deadline by Filing Form 8868 Today.
Attention to all the Nonprofits out there! If your organization is operating on a calendar tax year, you have a big annual filing deadline in just 3 business days.
May 15, 2023, is the deadline for filing 990 series forms. Failure to do so can result in penalties from the IRS. If your organization has failed to file for 3 consecutive years, the IRS may even revoke your organization’s tax-exempt status.
The deadline is almost here, but organizations that can’t meet this deadline, still have an option for avoiding IRS penalties. Filing Form 8868 is the solution!
Form 8868 is a simple extension form to file, and when filed correctly, the extension is automatic! Keep reading for more information!
What is Extension Form 8868?
Form 8868, Application for Automatic Extension of Time To File an Exempt Organization Return, is an IRS tax extension form that the tax-exempt organizations and certain other nonprofits to extend their deadline for filing Form 990 and certain other nonprofit tax returns.
Upon filing the 8868 form, your organization can get an extension of up to 6 months from the original deadline. Also, there is no need to provide an explanation for requesting more time, as this extension is automatic.
You can just complete the form with accurate information on time and pay any tax balance due to the IRS. The IRS will grant you an extended period automatically.
What Forms Can You File an 8868 Extension for?
Form 8868 can be filed to extend the deadline for filing any of the following forms:
- Form 990 or Form 990-EZ
- Form 990-PF
- Form 990-T (For sec. 401(a) or 408(a) trust, other trusts, and Corporations)
- Form 4720 (For individuals and other than an individual)
- Form 1041-A
- Form 5227
- Form 6069
- Form 8870
Note: Form 990-N Deadline cannot be extended using Form 8868
Information Required to E-file IRS Form 8868
In order to complete your Nonprofit Tax Extension Form 8868, you’ll need,
- Basic organization details, such as the Name, EIN, and Address
- The tax form that you are requesting an extension for
- Information about tax balance due, if any
Get Started with ExpressExtension and E-file Form 8868 Today!
E-filing your extension Form 8868 is easy and accurate with ExpressExtension. As an IRS-authorized e-file provider, we offer helpful features and step-by-step guidance to help you complete your extension filing accurately.
Once transmitted, you will be provided with instant updates about the IRS status of your extension form. If the IRS rejects your 8868 for any errors, you can fix those errors and retransmit the return at no additional cost.
When you’re ready to file your Form 990 with the IRS, don’t forget to check out our sister product, Tax990! They have the ultimate 990 e-filing solutions for nonprofits.