Congratulations on meeting your organization’s Form 990 deadline for the 2020 tax year! If you filed Form 990 for the 2020 tax year, there are a few things you should do to follow up.
It’s important to check on your organization’s status with the IRS. Now and then, the IRS rejects a nonprofit organization’s Form 990. Having a plan in place in case the IRS rejects your return is the best course of action.
Did You File Form 990 for 2020?
Form 990 gives the IRS and the public a full picture of an organization’s financial well-being, donations, governing officers, and activities.
Since the Form 990 deadline is determined by the 15th day of the 5th month after the end of your organization’s accounting period, nonprofits’ due dates may fall at different times throughout the year. For calendar year filers, Form 990 was due on May 17, 2021.
Meeting the Form 990 deadline is essential for maintaining your organization’s tax-exempt status. If you missed your Form 990 deadline, visit this blog to find out how to get your organization back in good standing with the IRS.
What Form Did You File?
To meet the IRS’s Form 990 filing requirements for nonprofits, your organization may have filed Form 990, 990-PF, 990-EZ, or 990-N. The correct form for your nonprofit is determined by your size, function, and gross receipts.
If your organization is based in California, you should have filed Form 199 in addition to Form 990. Click here to find out more about filing requirements for California nonprofits.
Check On Your Return’s Status
If you filed a 990 series form with ExpressTaxExempt, it’s super easy to check on your forms’ status with the IRS. Just log in to your ExpressTaxExempt account and your form’s status will be listed on the “Tax Returns” page.
When you file Form 990 with ExpressTaxExempt, you’ll also receive instant notifications on your return’s status with the IRS. When the IRS processes and accepts your Form 990, you’ll get an email right away. If your return is ever rejected, you will know and be able to take action immediately.
What To Do If The IRS Rejects Your Return
Getting your Form 990 rejected by the IRS is never good news, but it is something you can fix. With ExpressTaxExempt, if the IRS rejects your 990 series form you’ll receive a detailed email explaining why the IRS did not accept your return. There are quite a few reasons the IRS can reject Form 990, from issues with your tax-exempt status, pending tax-exempt applications, and simple mistakes on Form 990.
If you’re dealing with a Form 990-PF rejection, click here to find out about a common error on Form 990-PF.
If you filed your 990 series form with ExpressTaxExempt, you can always retransmit your return for free. Simply access your ExpressTaxExempt account, select the rejected form, resolve any issues, and retransmit your return easily. As soon as the IRS processes it, you’ll be notified.
As always, ExpressTaxExempt’s U.S.-based support team is here to help, whether you have questions about your form or need help retransmitting a return. To stay up to date on the latest IRS news and filing tips for tax-exempt organizations, visit our blog.
At ExpressTaxExempt, we’re here to make tax-exempt status safe and easy for your organization.