And just like that, the first tax filing deadline of the New Year has arrived. Nonprofit and tax exempt organizations are required to file a 990 Form each year to maintain their tax exempt status with the IRS.
The first deadline for this year is today, January 15. A little shocking right? If your heart just skipped a beat, it’s okay; TaxBandits is here to help you file easily with a simple, step-by-step filing process that can have your 990 Form transmitted to the IRS in no time.
Form 990 Series Deadline
Form 990 Series deadlines vary and is dependent upon the calendar or fiscal tax year in which the organization operates.
Organizations that operate on a calendar tax year (January – December) have an annual filing deadline of May 15. Fiscal tax year organizations whose tax year consists of 12 consecutive months and ends any month besides December, have a deadline on a different month.
January 15 Deadline – Is My Form Due Today?
There are two types of organizations that must file by today’s (January 15) deadline:
- Organizations whose tax year ENDED on August 31, or
- Organizations that had a tax year which ended on February 28/29 with an original filing of July 15 but filed a 6 month extension.
With today being a legal holiday (MLK DAY), you do have an additional 24 hours to file your Form 990 and can file no later than Tuesday, January 16.
What Form Should I File?
There are four variations of Form 990 included in the Form 990 Series. Each form provides information on specific types of exempt organizations. Form 990 Series includes:
Form 990 is filed by organizations with gross receipts more than or equal to $200,000 or total assets equal to or greater than $500,000.
Form 990-EZ is the Short Form Return of Organization Exempt From Income Tax and is filed by organizations with gross receipts less than $200,000 and $500,000 in total assets.
Form 990-N is for organizations with gross receipts that are less than or equal to $50,000. This form can only be filed electronically.
Form 990-PF is filed by Exempt & Taxable Private Foundations as well as Non-Exempt Charitable Trusts which the IRS treat as private foundations.
File Today with TaxBandits
If your organization is required to file by the January 15 deadline, you might want to head on over to TaxBandits, the market-leading tax exempt organization online tax filing solution, to quickly complete your Form 990 right now! It’s the hassle-free way to instantly file Form 990 and transmit it directly to the IRS. We will even provide you with last minute filing information to help the process along.
If you need any assistance filing your Form 990 then give the awesome, US-based TaxBandits support team a call! We’re here for you Monday – Friday from 9 AM to 6 PM EST at 704.684.4751. You can also reach us via live chat and through our 24/7 email support at support@TaxBandits.com.