What To Do If You Forgot About The IRS Form 990 Deadline
Have you been so busy carrying out the mission of your organization that you just haven’t had the time to sit down and complete an IRS Form 990 by today’s deadline?
Realizing that you only have several hours to complete an essential tax form, your heart probably skipped a beat, and you may have said some not-so-nice words, 🤬 but there is a way you can file your IRS Form 990 in time or even get extra time to file.
Here’s what to do if you forgot about the IRS Form 990 deadline.
What To Do If You Forgot About The IRS Form 990 Deadline
May 15 is the major tax filing deadline for nonprofit organizations running on a calendar tax year (January – December). You are required by to file IRS Form 990 to report important information regarding your organization and to maintain its 501(c)(3) tax-exempt status.
If you still need to file your IRS 990 Form you have only until midnight TONIGHT to do so. But can you file a 990 tax form correctly at the last-minute? Of course, you can!
TaxBandits supports exempt organizations by providing a simplified, interview style filing process that can easily be completed.
Filing IRS Form 990 At The Last-Minute
Time is of the essence so let’s cut to the chase. To file a 990 tax form for your nonprofit you need to first know which Form 990 to file and what information you will need.
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-N
Organizations with gross receipts that are less than or equal to $50,000 file this form electronically.
Form 990
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
The Short Form Return of Organization Exempt From Income Tax filed by organizations with gross receipts less than $200,000 and $500,000 in total assets.
Form 990-PF
Filed by Exempt & Taxable Private Foundations as well as Non-Exempt Charitable Trusts which the IRS treat as private foundations.
What You Need Before Filing
General information needed to e-file IRS Form 990 include:
- EIN (Employer Identification Number)
- Tax Period
- GEN (Group Exemption Number)
- You will also need information to fill out any required schedules for your organization
Is It Possible To Extend the May 15 Deadline?
Yes! If you need extra time to file for your tax-exempt organization, we have a solution for you.
IRS Tax Extension Form 8868 is used by charities, nonprofit groups, and other tax-exempt organizations to receive an automatic filing extension of 6 months to file a 990 return. File Form 8868 by the original due date of your organization’s 990 filing deadline.
Click here to file Tax Extension Form 8868.
Note: There is no extension for Form 990-N only because it is so easy to file. All you do is confirm the organization’s identifying information (Name, EIN, Address), confirm you made fewer than $50,000 in gross receipts by checking a box, e-file, and you’re done!
The clock is ticking! File your 990 Form today and stay in compliance with the IRS!
File Form 990 Online!
4,717 total views, 1 views today