If your tax-exempt organization operates on a fiscal tax year that began on April 1 and ended on March 31, you are required to file IRS Form 990 by MIDNIGHT – yes, by midnight! 😨. Depending on how organized you are, you could squeeze in some time to file taxes online; if not, filing an extension for taxes using IRS Form 8868 is always an option. Time is of the essence so we will get straight to it. Here is how to not miss the August 15 Form 990 deadline.
How To Not Miss the August 15 Form 990 Deadline
Failing to file Form 990 by the August 15 deadline can lead to some very expensive IRS penalties that your tax-exempt organization does not want to add to its list of expenses. The two ways not to miss the August 15 Form 990 Deadline are 1) File taxes online by midnight using Form 990 or 2) request a tax extension by midnight using IRS Form 8868 which will give you six additional months to file.
Here is some insight on both options so you can make the best decision for your organization.
Filing IRS Form 990
Filing IRS Form 990 using TaxBandits is simple! Yes, we say that a lot, but only because it is true 😁. You can accurately file your nonprofit tax return with our interview-style process and transmit directly to the IRS using these IRS Form 990 instructions:
- Sign in or create your free account
- Add organization details
- Complete form interview process
- Review information and audit report
- Pay and transmit directly to the IRS
Get Extra Time To File With IRS Form 8868
If you are not prepared to file IRS Form 990 today, you can get 6 additional months to do so by quickly filing an IRS Form 8868 tax extension. Form 8868 is the IRS’s official extension form for the 990 Series and must be filed by an organization’s original 990 deadline. Follow these steps to make your new due date February 15, 2019:
- Create or sign in to your TaxBandits account
- Enter basic organization information
- Select appropriate tax form
- Review summary
- Pay and transmit to the IRS
Note: Unfortunately, there is no extension for Form 990-N…that’s because it is so quick to file!
Whether you are prepared to file IRS Form 990 at the last minute or need those six months to get things in order, TaxBandits has you covered! The clock is ticking, so let’s make a deal to make you a winner on deadline day to keep IRS penalties away!