The Non Profit Tax Returns You Need To Know About

Group of volunteers serving the community before filing non profit tax returns

Exempt organizations are responsible for maintaining their tax exempt status by filing non profit tax returns each year by its respective 990 tax form filing deadline. Does your organization operate on a fiscal tax year that starts on June 1 and end on May 31? If so, you must file a Form 990 by Monday, October 15 to stay tax exempt. Since there is more than one 990 tax form in the Form 990 Series, we wanted to make sure you were informed of the non profit tax returns you need to know about. 

The Non Profit Tax Returns You Need To Know About

There are four variations of Form 990 that are included in the TaxBandits Form 990 Series. Simply select and e-file the most appropriate tax exempt form that fits your organization. Here is a brief overview of each 990 tax form:

Form 990-N (e-Postcard) – For organizations reporting gross receipts less than $50,000.

Form 990-EZ (Short Form) – For organizations reporting gross receipts less than $200,000 and total assets less than $500,000.

Form 990 (Long Form) – For organizations reporting gross receipts equal to or greater than $200,000 and total assets equal to or greater than $500,000.

Form 990-PF – For organizations identifying as an exempt private foundation, taxable private foundation, or a nonexempt charitable trust treated as a private foundation.

The Information You Need To File Form 990-N

  • Employer Identification Number
  • Legal Name
  • Fiscal year period
  • Principal Officer
  • Current Address
  • Gross Receipts under $50,000

Required Information for Filing Form 990/990-EZ/990-PF

  • EIN
  • Legal Name
  • Fiscal year period
  • Current Address
  • Contact number
  • Exemption type
  • List of Officers and Key Employees
  • Prior year return
  • Contributions for the past 5 years
  • Other Revenue details
  • Expenses
  • Investment Income details
  • Numbers of Employees, Contractors & Volunteers
  • Organization’s Mission
  • Accomplishments for the year (Grants Paid, Projects finished, etc.)
  • Donor Advised Fund Information
  • Endowment Funds Information
  • Assets (Art, Historical treasures, etc.)
  • Policies
  • Details of Activities
  • (Political, lobbying, foreign transactions, etc.)
  • Related organizations

File Today or Get an Extension of Time To File

The October 15 deadline is quickly approaching and if you are required to file by this date, here are the two options you have:

  1. Easily file your 990 tax exempt form online with TaxBanditsNon profit leader showing volunteer how to file non profit tax returns
  2. Request an extension of time to file using IRS Form 8868

Whether you select option one or two, TaxBandits has you covered! Log in to your account today to get started or create a new account if this is your first time using TaxBandits. We help you take your time back so you can continue making a difference in your community.

 

File My 990 Tax Form

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