It’s that time of year yet again; that all-so-magical or not-so-magical time period each year where we all traditionally prepare our previous year’s financial statements and reports. Yes, ladies and gentlemen, we’re talking about the annual tax season. And, whether you’ve been anticipating it or were caught by surprise, deadlines are approaching and the IRS is waiting. For tax exempt organizations, no matter what tax-exempt form you need to file, Express990 supports all Form 990 tax returns and extensions.
Form 990-N (e-Postcard) Who Needs To File: Small tax exempt organizations and charities that typically gross $50,000 or less a year must file the required Form 990-N (e-Postcard) to IRS every year; the only exceptions are organizations that are included in a group return; churches and their integrated auxiliaries, conventions, or associations of churches; or, organizations that need to file a different return.
The Form: There is no paper form, filing is all done online, and there are no schedules to complete. Only eight pieces of information are needed to file a 990-N (e-Postcard):
Employer Identification Number (EIN)
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
A Statement That The Organization Is Going Out Of Business, if applicable
With Express990: E-File your Form 990-N (e-Postcard) for the current tax year and for the two prior tax years. Use Express990 to file your 990-N for the current tax year for FREE.
Who Needs To File: Tax-exempt organizations with gross receipts less than $200,000 and total assets less than $500,000 per year are required to file a Form 990-EZ.
The Form:Schedules are very important sections within a 990-EZ that detail information proving tax exempt status for an organization; each schedule is designed for certain activities.
With Express990: E-File your Form 990-EZ only for the current tax year and the most previous tax year.
Form 990 Long Who Needs To File: Tax exempt organizations with gross receipts greater than or equal to $200,000 and total assets greater than or equal to $500,000 per year are required to file a Form 990.
The Form: Like the 990-EZ, a Form 990, also known as the 990 Long, is contingent on a number of disclosure and compliance requirements through various Schedules.
With Express990: E-File your Form 990 ONLY for the current tax year.
Extension Form 8868 Who Needs To File: Any tax-exempt organization that needs to extend the deadline for a Form 990 or Form 990-EZ, you will have to file a Form 8868, Application for Extension of Time to File an Exempt Organization Return.
The Form: By filing a Form 8868 (Part I), you can get an automatic 3-month extension of time to file. If you have already received an extension, you can file for a non-automatic extension (Part II) to receive an additional three months.
With Express990: Express990 supports the Extension Form 8868 only for the current tax year and the most previous tax year.
Remember, the deadline to file any of 990 forms or the extension is the 15th day of 5th month, after the end of your organization’s tax year. Express990 makes filing any 990 form quick and simple. For further assistance with e-filing any Form 990 or an extension, contact our live professionals by phone at 704.839.2321 or by email at firstname.lastname@example.org.