Nonprofit and tax exempt organizations take it upon themselves to tirelessly work for an important cause. From providing education, meals for the hungry, planting for the environment, preventing cruelty to animals and children, and much more.

Then on top of all that they have to file their tax returns in order to maintain their tax exempt status?! That involves figuring out which form to file, what they need to file, and more! However, with the help of TaxBandits to quickly and easily file their returns, nonprofits don’t have to worry!

Tax Filing For Nonprofits and Tax Exempt Organizations

TaxBandits has created a simple, interview style method of e-filing that will help nonprofit and tax exempt organizations quickly and easily complete their returns. They won’t need to spend hours trying to figure out their forms or hire a professional to take care of them for them.

All you have to do is create an account and follow the step-by-step guide to complete their return and securely transmit it directly to the IRS. Then you will receive live updates about the status of your form via email.

Now to be clear the return nonprofits need to file is Form 990. Form 990 is the Return of Organization Exempt From Income Tax and it’s used by government agencies to make sure nonprofits aren’t abusing their tax exempt status. The IRS also uses this return to make the nonprofit’s financial information available to the public.

There are multiple types of 990 Forms, and the one you file depends on the amount of gross receipts you have for the year. TaxBandits supports multiple 990 Forms to help you quickly and easily file the correct one by the deadline.

The 990 Series Forms provided by TaxBandits Include:

Form 990. This form is filed by organizations with total assets that are equal to or more than $500k and gross receipts equal to or more than $200k.

Form 990-EZ. You need to file this form if your organization has less than $500k in total assets and less than $20ok in gross receipts. This form is also known as the Short Form Return of Organization Exempt From Income Tax.

Form 990-N. This form is required to be filed electronically by organizations with gross receipts that are normally equal to or less than $50k. It’s the e-postcard or Electronic Notice for Tax Exempt organizations and it’s used by groups that aren’t required to file Form 990 or Form 990-EZ. 

Form 990-PF. This form is used by private organizations as it is the Return of Private Foundation. To complete this form you will need to provide a total list of your grants and a fiscal list of information.

Along with providing these forms and making it easy to e-file them TaxBandits also offers tons of innovative features to streamline the process. For example, you can upload all of your information at once with the bulk upload feature.

Also, an audit check will be performed on your form to catch any basic errors before it’s transmitted to the IRS and you can file for the current tax year, also well as the previous one. If your form is rejected don’t worry, you can correct it and retransmit it to the IRS as many times as necessary, even if you didn’t orginally file wih us!

Plus, We’re Here To Help!

If you need any assistance during any step of the filing process please don’t hesitate to contact the amazing, US-based TaxBandits support team. We’re available Monday – Friday from 9 AM to 6 PM EST at 704.684.4751. You can also take advantage of our live chat and 24/7 email support at support@TaxBandits.com.