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ExpressTaxExempt Blog

Tuesday, January 16, 2018

Final Day to Meet the January 15 Deadline


Can you believe that we’re already halfway through the first month of 2018? Although it seems like we were just watching the ball drop a couple of days ago, January is quickly passing us by and the first Form 990 filing deadline is here!

Does My Organization Need To File Today?


While all exempt organizations must file Form 990 annually, only 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 deadline of July 15 but filed a 6 month extension must file today. 

Typically, Form 990 deadlines fall on the 15th of each month, however, due to the MLK Day holiday being on January 15, filers received an additional 24 hours to submit their Form 990 by Tuesday, January 16.

Which 990 Form Should I File?


The “Golden Question!” Here are the four types of 990 Forms that can be filed. Simply select the form that best matches the financial status of your organization:

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 and is filed by organizations with gross receipts less than $200,000 and $500,000 in total assets.

Form 990-N - for organizations with gross receipts that are less than or equal to $50,000. This form can only be filed electronically. 

Form 990-PF - filed by Exempt & Taxable Private Foundations as well as Non-Exempt Charitable Trusts which the IRS treat as private foundations.

What Happens If I File Form 990 Late?


If you’re required to e-file Form 990-N (e-Postcard), there aren’t really any immediate penalties for filing late. Just be sure to get it in as soon as you can if you realize a little too late that you’ve missed the deadline. Keep in mind, though, that if you go more than three consecutive years without e-filing a 990-N (or any 990 form), your tax-exempt status will be automatically revoked by the IRS and you’ll need to apply again for it.

However, if you have to file the 990 Long Form, Form 990-EZ, or Form 990-PF, the IRS does impose penalties for filing your form late. You may be able to get out of these penalties if the organization can provide reasonable cause for why the 990 Form was filed late. If not though, the IRS will charge you $20 for each day the return is late, with the maximum penalty being $10,000 or 5% of your organization’s gross receipts, whichever is less.

And that’s just if your organization earned fewer than $1,000,000 in gross receipts for the tax year you’re reporting. If your organization had gross receipts of more than $1 million, the penalty increases to $100 per day late, with a maximum penalty of $50,000.

Can I File For an Extension?

If you file Form 990-N, no. But that’s just because it’s so easy: all you do is confirm your organization’s identifying information (name, EIN, address), confirm you made fewer than $50,000 in gross receipts by checking a box, and e-file.

If you file Form 990, 990-EZ, or 990-PF, yes! You can use Form 8868 to get an automatic 6-month extension of time to file your 990 Form.

ExpressTaxExempt Is Here To Help!


If your organization is required to file by the January 15/16 deadline, you can quickly complete your Form 990 right now with ExpressTaxExempt! We provide the most hassle-free and simple way to instantly file Form 990 and transmit it directly to the IRS. 

If you need any assistance while filing, just give our US-based team of experts a call. We’re here for you Monday - Friday from 9 AM to 6 PM EST at 704.839.2321. You can also reach us via live chat and through our 24/7 email support at support@ExpressTaxExempt.com and we’ll help however we can!
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Tuesday, January 9, 2018

Maintain Your Exempt Status with the January 15 Deadline


The New Year has come and many nonprofit organizations have kicked off 2018 with a great start. 

As you begin to carry out the work of your organization to make a difference in the communities you serve, we want to ensure that you’re aware of an upcoming filing deadline that may greatly affect the tax exempt status of your organization. 

Form 990 Deadline


Tax exempt organizations are required to file a 990 Form annually to maintain their tax exempt status with the IRS. 

The deadline to e-file Form 990 Series varies 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. 

Is My Form Due on the January 15th?


There are two types of organizations that must file by the 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. 
Due to January 15 being a legal holiday (MLK Day), 990 Forms for organizations can be filed up until Tuesday, January 16. 

Which Form Do I File?


There's nothing worse than being stressed out while filing and not knowing exactly which file to form for your organization. 

ExpressTaxExempt eliminates the worry about missing your Form 990 filing deadline or filing the incorrect form by providing you with all of the tools and forms that you’ll need to file properly. 


Form 990 Series

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. 

Easy Filing with ExpressTaxExempt


ExpressTaxExempt offers easy e-filing for Form 990 Series returns (Form 990, Form 990-N (e-Postcard), Form 990-EZ, and Form 990-PF) so you can quickly file the correct 990 Form for your organization. 

Follow the simple step-by-step guide to create your free account, enter basic information about your organization, complete the form interview, review your information and audit report, pay for your form, and transmit it directly to the IRS. The entire process is completed in 5 simple steps! 

Let Us Help You File


If you have any questions, feel free to contact our support team of e-file experts at 704.839.2321 for any questions or help with your e-filing experience. We’re available Monday through Friday from 9 a.m. to 6 p.m. EST. You can also reach us 24/7 via email at support@ExpressTaxExempt.com.

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Tuesday, January 2, 2018

5 New Year's Resolutions for Tax Exempt Organizations


Happy New Year from the ExpressTaxExempt Team! If you’re like us, today is your first workday of the new year.  

As we make plans for an awesome 2018 work year, we wanted to share some New Year’s Resolutions with you that could greatly benefit your nonprofit organization. 

New Year’s Resolutions


1) Better Money Management

Gaining necessary funds to adequately run your nonprofit organization can be a challenge. Make every effort you can to closely manage the funds of your organization to maximize its usage and allocate accordingly for the fiscal year. 

2) Increase Your Social Media Presence

The world that we live in today is extremely driven by social media. Take advantage of this easy, free, and trendy method of communication! Having your nonprofit active on social media can increase your audience and interact with current and potential donors, supporters, and volunteers more frequently. 

Social media platforms such as Facebook, Instagram, Twitter, LinkedIn, and Reddit are great to use. YouTube is also another way to promote your organization and its activities.

3) Revamp Your Organization’s Correspondence

This is actually one of the easiest resolutions to tackle. Instead of sending out the same generic correspondence each year, simply create something new! Rewrite your “thank you message,” website content, etc., to attract the attention of the reader. 

4) Redefine Your Target Audience 

In your upcoming team/staff meeting, take a few moments to analyze the mission of your organization and determine which audience(s) you should target this year. 

Having more than one target audience is okay!

5) Become Mobile-Friendly

With 9 of 10 American adults owning a mobile phone of some kind, it is extremely important that your website is mobile-friendly.

Mobile-friendly sites are very effective and useful for informing others about your organization and increasing online donations.

You Can Do It

While New Year’s resolutions require effort and dedication, these 5 resolutions can easily be accomplished by your organization during 2018. As always, the ExpressTaxExempt team is here to help you as much as possible. 

We’re just a phone call, email, or chat away if you ever have any questions or need assistance during any part of the e-filing process. 

Feel free to contact our support team of e-file experts at 704.839.2321, Monday through Friday from 9 a.m. to 6 p.m. EST. You can also reach us 24/7 via email with support@ExpressTaxExempt.com.
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Tuesday, December 26, 2017

Nonprofit Leadership Development Tips For 2018


"Back to life, back to reality!” -- I always find myself humming the tune to these lyrics the day after a national holiday. Hopefully you had an enjoyable Christmas with family, friends, and loved ones. 

While the yuletide joy is yet lingering, many leaders are preparing themselves and their organization for an exciting year of service to their community. Some organizations may even have newly elected leaders lined up and ready to take the group to the next level.

Good leaders strive to leave their organization in good standing and provide future leaders with ample information to ensure a smooth transition. While some organizations in this predicament may have a transition method in place to train new leaders, there are others that may need or want to implement some useful strategies to ensure the core leadership of their group remains solid. 

Strengthening the development of your organization’s leadership will result in a greater impact of the organization’s mission, increase overall revenue, and provide concrete stability which nonprofits need. 

ExpressTaxExempt understands that your purpose and mission is to help others, so we’ve provided some leadership development tips that you can utilize in the new year and years to come. 

Leadership Development

BE ORGANIZED

Prior to beginning the new fiscal year for the organization, try your best to make sure things are organized so that leaders can focus on their duties without having to go against any unnecessary roadblocks. 

SET GOALS & OBJECTIVES FOR THE YEAR

It is important to have realistic goals and objectives in place at the beginning of the year. Your organization will never reach its full potential without a vision being in place. 

LEADERSHIP TRANSITION MEETING

This type of meeting involves immediately past and newly elected leaders of the organization. During this meeting, past leaders will give one-on-one training and insight to the new leader that will be taking on their [former] role. 

Having a Leadership Transition Binder is a great tool and gift to incoming leaders. This binder provides new leaders with all of the documents they will need to be successful in their new role. 

Information such as general “must-haves” like the organization’s bylaws, calendar of events, etc. as well as specific documents would be helpful. 

INFORM NEW LEADERS OF KEY EXTERNAL RELATIONSHIPS

Leadership roles that require working relationships or contacts with other leaders outside of the organization should be provided on a Contact Sheet. 

The contact sheet should be provided with contact information including the person’s name, title, email address, and phone number for each individual. 

WORK HARD, PLAY HARD

To be successful in the nonprofit sector, you must be determined, hardworking, and passionate about what you do and those you serve. Although you must work hard to be effective, it is just as important for you and your team to “let your hair down” and enjoy each other’s company. Working too hard, and eventually becoming “burned out,” will affect everything you do in a negative way at some point. 

The ExpressTaxExempt team avoids this issue by doing fun team activities every Friday afternoon. For the last hour of the workday, our team splits into two groups and compete against each other in a variety of action-packed games. From charades to volleyball, these enjoyable moments together not only inspires further teamwork, but also brightens the morale of the workplace and eliminates monotony in the office. 

We’re Always Here to Help

As you’ve probably noticed, we end almost all of our blogs with the reminder that we are here to help you...because we really mean it! The ExpressTaxExempt team is always just a phone call, email, or chat away if you ever have any questions or need assistance during any part of the e-filing process. 

Feel free to contact our support team of e-file experts at 704.839.2321, Monday through Friday from 9 a.m. to 6 p.m. EST. You can also reach us 24/7 via email with support@ExpressTaxExempt.com.

We hope that these useful tools and tips will be beneficial to the leadership of your organization. Don’t forget to maintain your tax-exempt status annually by filing with ExpressTaxExempt. Best wishes to your team as you prepare for the new year!
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Monday, December 25, 2017

ExpressTaxExempt Wishes You A Merry Christmas!!


This holiday season, the ExpressTaxExempt team wishes to express our sincere gratitude and appreciation to you for entrusting us with your tax filing needs. Wishing you a year full of happiness, joy, and success!


Our office will be closed on Monday, December 25 for Christmas and will re-open on Tuesday, December 26. Limited email support will still be available.

Merry Christmas!

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Friday, December 15, 2017

Last Filing Deadline of 2017 is Here!

Attention! Attention! The final Form 990 filing deadline is official here. Nonprofit groups and charity organizations who operate on a fiscal tax year ending in July must file their appropriate 990 Form by midnight tonight in order to stay in compliance with the IRS and avoid expensive penalties during the holiday season. 

Luckily, ExpressTaxExempt supports all 990 Forms and even provides the option for users to file an extension to receive more time to file. 

Filing with ExpressTaxExempt is the most hassle-free way to instantly file your Form 990 and transmit it directly to the IRS. Plus, it gets even better than that!

ExpressTaxExempt & GuideStar Collaboration

ExpressTaxExempt and GuideStar have recently joined forces to enable nonprofits to send their tax returns seamlessly to GuideStar as part of the e-filing process. This partnership will reduce the amount of time it takes GuideStar to obtain this information and make it available to the public, furthering the professional impression a nonprofit makes in terms of trust and transparency.

How To E-file Form 990

Before you start the e-filing process, it’s best to know exactly which form from the 990 series you need to file. There are a few forms to choose from: 

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

Form 990-EZ: This is the Short Form Return of Organization Exempt From Income Tax. It’s used by organizations with that have less than $200k in gross receipts or less than $500k in total assets. 

Form 990-N: This is the e-postcard for Electronic Notice of Tax Exempt Organizations that aren’t required to file Form 990 or Form 990-EZ. Organizations with gross receipts that are normally less than or equal to $50k are required to electronically file this form. It can’t be paper filed. 

Form 990-PF: This is the Return of Private Foundation and it’s filed by private organizations in the United States. You must include a fiscal list of information and a total list of your grants to complete this form. 

Get Extra Time to File

With Christmas being just a week and some days away, we understand how hectic things may be right now. If you need more time to file, you can quickly e-file extension Form 8868 and receive an automatic 30-day extension. 

We're Always Here To Help

Our U.S.-based customer support team is standing by ready to assist you with any questions that you may have about e-filing Form 990, 990-EZ, 990-N or Form 8868. Feel free to contact one of our experts at 704.839.2321. We’re available Monday through Friday from 9 a.m. to 6 p.m. EST. You can also reach us 24/7 via email with support@ExpressTaxExempt.com.
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Wednesday, December 13, 2017

Form 990 December Deadline is Approaching Quickly

Business Owner Filing Taxes at Christmas

Snowflakes are falling, Christmas gift shopping is at an all time high, and holiday parties make the weekends even more enjoyable. It really is beginning to look a lot like Christmas! 

While you’re embracing the many facets of the Holidays, don’t forget about the upcoming Form 990 Series filing deadline on this Friday, December 15. We’d hate for your Christmas to be ruined by costly penalties from the IRS. 

Tax exempt organizations that operate on a fiscal tax year of August 1 to July 31 are required to file one of the following tax returns of the Form 990 Series by December 15th: 

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 and is filed by organizations with gross receipts less than $200,000 and $500,000 in total assets.

Form 990-N - for organizations with gross receipts that are less than or equal to $50,000. This form can only be filed electronically.

Form 990-PF - filed by Exempt & Taxable Private Foundations as well as Non-Exempt Charitable Trusts which the IRS treat as private foundations.

For more information on what details you will need in order to e-file, click here.

Filing Form 990

Handling tax filings, whether personal or business, can be intimidating and stressful; but not with ExpressTaxExempt. ExpressTaxExempt eliminates the worry about missing your Form 990 filing deadline! With our simple, interview style e-filing process, you can complete your form and instantly transmit it directly to the IRS.

We offer easy e-filing for Form 990 Series returns (Form 990, Form 990-N (e-Postcard), Form 990-EZ, and Form 990-PF) so you can quickly file the correct 990 Form for your organization.

Simply follow the quick step-by-step guide to create your free account, enter basic information about your organization, complete the form interview, review your information and audit report, pay for your form, and transmit it directly to the IRS. The entire process is completed in 5 simple steps!

Let Us Help You File

If you have any questions, feel free to contact our support team of e-file experts at 704.839.2321 for any questions or help with your e-filing experience. We’re available Monday through Friday from 9 a.m. to 6 p.m. EST, and even offer extended customer support hours tonight for the November 15 deadline. You can also reach us 24/7 via email with support@ExpressTaxExempt.com
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Need Further Help? Contact Us

Our live support specialists in Rock Hill, SC are always ready to offer professional service and assistance.

704.839.2321

Frequently Asked Questions

Find answers related to e-filing IRS Form 990, 990-EZ, 990-PF, 990-N (e-Postcard), Form 1120-POL and Extension Form 8868 with our Frequently Asked Questions.

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