Tax-Prep Resources You Need To Know

Spring is officially here and the biggest tax deadline of the year is a week away. Filer using TaxBandits Tax-Prep Resources

The 2018 Federal Income Tax Deadline falls on a weekend this year so the deadline for filing your individual tax returns will be April 17, 2018.

So as a taxpayer you will have a couple extra days to file your required tax forms before Uncle Sam starts looking for you.

In addition to your individual tax return, there are a couple of important tax forms you may need to file by next Tuesday. As the countdown to tax day begins, TaxBandits wants to make sure you are prepared. Here are the tax-prep resources you need to know about to meet upcoming deadlines.

Have You Started Preparation For The Tax Day Deadline?

Yes. No. Maybe?

Whether you started your tax-prep weeks ago or just realized that you have a deadline to meet, TaxBandits has you covered.

Here are three major IRS forms that are due next Monday and can be filed with TaxBandits:

Personal Extension Form 4868

IRS Form 4868 is also known as the Application for Automatic Extension of Time To File U.S. Individual Income Tax Return. Individuals or joint taxpayers receive an automatic extension of up to 6 months to file their returns when they file a Form 4868. 

Similar to the extension form for exempt organizations, Form 4868 is due on April 17th, 2018.

For more information or to file tax extension Form 4868, click here.

Form 990 Series

Nonprofit and tax-exempt organizations must file a 990 Form annually with the IRS.

There are four variations of Form 990 included in the Form 990 Series. Each form provides information on specific types of exempt organizations. Organizations whose tax year ended on November 30, 2017, must file one of the following 990 Forms by April 17th:

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-N

Organizations with gross receipts that are less than or equal to $50,000 file this form electronically.

Form 990-PF

Filed by Exempt & Taxable Private Foundations as well as Non-Exempt Charitable Trusts which the IRS treat as private foundations.

Extension Form 8868

If you need extra time to file for your tax-exempt organization we have a solution for you!

IRS 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 Extension Form 8868.

File Today & Keep Uncle Sam Away!

Don’t let a memory lapse or poor time management cause you to miss the April 17th deadline. 

Create or log in to your FREE TaxBandits account today and let us help you with preparation for upcoming deadlines and become a winner on tax day!

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