When it comes to filing tax returns for exempt organizations, or in general, there’s nothing more important than filing on time. Filing late can cause you to be responsible for thousands of dollars in penalty fees.
But if you know – or even think – you’re going to miss an IRS deadline, the best option is to go ahead and file a tax extension. For tax-exempt groups, you can submit the IRS Form 8868 extension quickly and securely with ExpressExtension.com
. Here are a few tips to help you file:
Basic Organization Details
Extension Form 8868 only requires the most basic information about your organization, which makes it delightfully quick to get through. All you need is your organization’s name, address, EIN/Tax-ID, tax year period, and know which 990 return you usually file.
You’ll also need basic details about the organization’s primary officer – this can be your information if it’s your responsibility to file or whoever maintain the books and records for the organization. If your e-filing an extension on behalf of another, be prepared to completely fill out an IRS Form 8453-EO which we generate for you.
Automatic or Not-Automatic Extension
Form 8868 breaks down into two parts; Part I is for an automatic 3-month extension and should be filed by your original IRS due date which is the 15th day of the 5th month after your tax period ends. Part II is for an additional, not-automatic 3-month extension, and you must have it filed before your extended IRS deadline.
You can submit a Part II if the IRS approved your Part I, and you provide a reasonable explanation for needing more time. There are upcoming changes
planned for this format at the start of the new year – stay informed.
Form 990 Series
Tax-exempt groups typically file the 8868 form when they need more time file either IRS Form 990 or Form 990-EZ; however, there are other returns you can apply an extension to such as the IRS Form 990-PF or Form 990-T. The only tax return you cannot use an extension for is IRS Form 990-N (e-Postcard).
Other Helpful Tips
- Quickly e-file on the go with our ExpressTaxExempt – Form 8868 mobile app for iOS and Android devices.
- You must file Form 8868 on time – the IRS rejects any request made after the deadline.
- Tax extensions only increase your time to file; you still need to pay any owed taxes by the original due date.
For questions or assistance with your e-filing experience, our U.S. – based customer support team is available to help – call us at 803.514.5155, Monday through Friday from 9 a.m. to 6 p.m. EST or email us at your convenience with [email protected].