As a nonprofit organization, you have a lot going on right now. If you have a filing deadline for your Form 990 today, you may be panicking. Did you know that you can file an extension for more time to file? The Form 8868 is specifically for tax exempt organizations that need additional time to complete their annual tax returns.
Need more time to file? Here’s what you need to know!
What is the Form 8868?
The Form 8688, Application for Automatic Extension of Time to File an Exempt Organization Return, can be a huge help to nonprofit organizations. Upon the acceptance of this extension form by the IRS, the tax exempt organization is then allowed additional 6 months to complete the tax return.
This is a fairly straightforward form to fill out, but don’t worry, we’ll get into that a little later in the article.
Which Forms can be Extended?
As a tax exempt organization, you probably file a Form 990 each year with the IRS. The Form 990 series can be extended using this extension form. For a complete list of forms that can be extended using the Form 8868, click here.
Please note: While the Form 8868 can be filed for the majority of the Form 990 Series, the Form 990-N is not included. If your tax exempt organization is required to file this form, you are not eligible to apply for an extension.
When Should Form 8868 be Filed?
It is crucial that your organization applies for an extension before the filing deadline of the form you wish to extend. Therefore, if you have a Form 990 deadline today, now is the time. You must file your extension today in order to be eligible for an automatic extension.
Why File with ExpressExtension?
ExpressExtension knows that you need to file quickly and accurately in order to meet your deadline and get IRS approval on your extension. That’s why we have built a simple, speedy solution, ExpressExtension!
To file, make sure you have your organization’s details handy, including your tax period, tax identification number, and liability for the tax year. With this information and our step-by-step e-file process, you can complete your extension in minutes.
Once you have transmitted your form to the IRS, we will provide you with updates on the status of your extension. For an easy process and an IRS authorized e-file provider that guides you through the process from start to finish, get ExpressExtension!