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: email@example.com.