We know you’re busy right now as events and work for your nonprofit organization are really starting to pick up. As you find yourself getting busier and busier don’t let important deadlines fall through the cracks. For example, for some organizations, their Form 990 is due today by midnight.
If yours is due today, stay calm. You can get more time to file by quickly e-filing Exempt Organization Form 8868 and learn about helpful Form 990 tips here today!
About Form 990 And Your Extension
Form 990 is the Return of Organization Exempt From Income Tax and it is used by the IRS to provide the public with financial information for nonprofit organizations such as charities, religious organizations, educational groups, and more. It’s also used to make sure that these organizations aren’t abusing their tax-exempt status.
To know whether your Form 990 is due today or not depends on your tax year because Form 990 is due on the 15th day of the 5th month of your organization’s tax year.
Most organizations run on a calendar tax year. This means their tax year runs for 12 consecutive months beginning on January 1st and ending on December 31st, and their Form 990 is due on May 15th.
If you have a fiscal tax year meaning your tax year runs for 12 consecutive months and ends on the last day of another month besides December then your Form 990 due date depends on the beginning of your tax year. For example, if your tax year began in February then your Form 990 would be due on June 15th!
Don’t freak out if you’re just realizing that your Form is due because you can head to ExpressExtension to e-file Form 8868 which is the Exempt Organization Tax Extension Form. It’s used by nonprofits to get an automatic 6-month extension to file their return.
The process only takes a few minutes, and it’s incredibly easy. All you need is some basic information about your organization like its name, address, tax-ID/EIN, tax year, and which Form 990 you usually file.
If you aren’t sure which 990 you need to file keep in mind that Form 990-EZ is the Short Form Return of Organization Exempt From Income Tax, used by groups with total assets that are less than $500k, with annual gross receipts that are less than 200k.
Form 990-N, the e-postcard or the Electronic Notice for Tax-Exempt Organizations are for nonprofits that aren’t required to file Form 990 because they’re smaller organizations that have less than $50k in gross receipts for the year.
is the Return of Private Foundation. Private organizations are required to file this form to list their fiscal date and the list of grants they received during their tax year.
But seriously, Form 8868 is super easy to e-file and you’ll have your extension almost instantly. You’ll be notified via email when your extension is approved, simply follow ExpressExtension’s step by step guide to quickly complete the process.
Note: Form 8868 can’t be used to extend the due date of Form 990-N (e-postcard) and Form 8870 can’t be e-filed with part I or part II, but we can print Form 8870 for you to complete and mail.
Need Any Help?
Well, luckily the dedicated ExpressExtension support team is here to answer your questions. Give us a call at 803.514.5155 Monday – Friday from 8:30 AM to 5:30 PM EST, live chat with us, or take advantage of our 24/7 email support at [email protected].