“Which tax-exempt return needs to be filed?”
This final deadline is for organizations who are required to file Form 990 or Form 990-EZ.
Reminder: Form 990 needs to be filed by exempt organizations with gross receipts greater than $200,000 and total assets greater than $500,000.
Form 990-EZ is to be filed by exempt organizations with gross receipts over $50,000, but less than $200,000, and total assets less than $500,000.
You also need to have been approved for Part II of the Extension Form 8868. If you have not been granted a second extension, or never e-filed for one, then your last due date was months ago and this November deadline does not apply.
“I was told my deadline was November 15.”
That is correct. Under normal circumstances, the final deadline would be the fifteenth of November. However, November 15 is on a Sunday this year. According to the IRS, if any tax day falls on the weekend, or a national holiday, it is pushed back to the next business day.
“How do I know if my organization operates on a calendar tax year?”
Your tax year period will tell you which tax year your organization works with.
- Calendar Tax Year – Only if your “tax begin date” is Jan 1. and your “tax end date” is Dec 31. can your organization be considered as operating a calendar tax year.
- Fiscal Tax Year – If your beginning and ending dates are not Jan 1. and Dec 31., then the November deadline doesn’t apply to you. You could possibly have a final deadline of December 15 if your begin date is Feb 1. and end date Jan 31.
Note: No matter if you use a calendar or fiscal tax year, your original due date will always be the 15th day of the 5th month after your tax end date. At that point, you can either file your tax return, or you can file an extension.
“What if I file the e-Postcard?”
If you normally file Form 990-N (e-Postcard), then this deadline doesn’t apply to you unless you have November 15 as your original due date to file. You can find out by using the IRS Exempt Organization Select Check. Search using your Employer Identification Number (EIN) and it’ll show when you last filed an e-Postcard along with your tax dates, and basic organization details.
Important: A tax extension cannot be filed for Form 990-N (e-Postcard). Exempt organizations are encouraged to e-file by their original due date.
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