704.839.2321

ExpressTaxExempt Blog

Friday, March 20, 2015

E-filing Form 990-EZ with Express990

E-filing Form 990-EZ is a brand new service being provided by Express990.com. It is a major breakthrough in the world of filing tax exempt returns. The e-filing process designed by the team at Express990 has been incredibly streamlined to save you time and headache when entering information. Let's take a look at how everything works...

Form 990-EZ
Before we get into all the e-filing fun, I wanted to go over the basic information about Form 990-EZ. This form is used by tax-exempt organizations, nonexempt charitable trusts, and section 527 political organizations to provide the IRS with information required by section 6033.

Form 990-EZ is made up of different schedules to enter specific information. You can find out about 990-EZ schedules in my blogs: Schedules A,B, and C  &  Schedules E,G,L,O.
There is lot of information that needs to be entered when filing a Form 990-EZ, including:
- Gross income
- Expenses incurred within the last year
- Disbursements within the year that are the reason the organization is exempt
- Balance sheet showing assets, liabilities, and net worth
- Total of contributions and gifts received during the year and the names and addresses of all substantial contributors
- Names and addresses of the foundation's managers and highly-compensated employees
- Compensation and other payments made during the year
- Lobbying expenditures and nontaxable amounts
- Direct or indirect transfers and relationships with other organizations of the same type
- Respective amounts of the taxes imposed on the organization or any manager of the organization
- Amounts of reimbursements paid by the organization during the taxable year for any taxes imposed
- Information on any excess benefit transaction
- Information on any disqualified persons
- Information on disaster relief activities

It's really is a lot and e-filing makes it so much easier to enter information and know where you are in the process at all times. And just think of all the paper you are saving; going Green has never been so easy.

How it all works
I could explain the e-filing process, but a video just seems a lot more entertaining.


Extend your deadline
If you need more time to e-file your 990-EZ, there is an extension form that will automatically extend your deadline for 3 months. IRS Form 8868 is the Application for Extension of Time to File an Exempt Organization Return. You can easily e-file this form with Express990, click here for more information on Form 8868.

If you have any question about e-filing your 990-EZ or Form 8868, don't hesitate to contact the Express990 Support Team via phone: 704-839-2321 or email: support@expresstaxexempt.com

No comments:

Post a Comment

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-N (e-Postcard) and Extension Form 8868 with our Frequently Asked Questions.

Learn More

Start Now

Start now to e-file an exempt organization returns or file for a extension with ExpressTaxExempt.

Start Now