3 Major Tips For Last Minute Filing

Filing taxes under pressure can be stressful and a headache, to say the least. With the November 15 deadline quickly approaching for fiscal tax year organizations that operate from July 1 – June 30, the pressure is on to submit your appropriate 990 tax return by tomorrow. 
Here’s a few last minute tax filing tips that can be helpful when meeting the November 15 deadline:

Know Which Form To File

The quickest way to have your 990 return rejected is to file the incorrect form. This detailed list of the the Form 990 series will help you understand what specific form your organization needs to file. 

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.

  • Information Needed: Program services, revenue, expenses, supplemental financial statements, net assets, balance sheets, list of employees, other IRS filings, and tax compliance along with the organization’s governance, management, and disclosures.

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.

  • Information Needed: Organization’s EIN, gross receipts and assets must be provided. Also, all appropriate, required Schedules must be completed and attached when filing Form 990-EZ.

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.

  • Information Needed: Organization’s EIN, tax year, legal name & address, different names used by the organization (if applicable), website (if applicable), name & address of a principal officer, confirmation of gross receipts of $50,000 or less, and a statement that the organization is going out of business (if applicable). 

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

  • Information Needed: Organization’s name and EIN (as it appears on IRS records), organization’s revenue and expenses, net assets, capital gains and losses for tax on investment income, charitable activities, program-related investments, as well as information on its officers, directors, trustees, etc.

E-file with an Authorized E-File Provider

E-filing tax returns for your exempt organization makes life so much easier; especially with ExpressTaxExempt. With our 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 so you can quickly file the correct 990 Form for your organization. For more information on e-filing pricing, click here
Simply follow the 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!
Are you completely overwhelmed and need more time to file your 990 return? No worries! We even offer Extension Form 8868 which provides you with an additional 6 months to file. 

Meet The Deadline

Although the clock is ticking, you still have time to file and transmit your organization’s 990 return directly to the IRS by the November 15 deadline. As the #1 authorized e-file provider, ExpressTaxExempt will guide through the entire filing experience. 
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 or reach us 24/7 via email with [email protected].

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