You have been waiting for this day and it has finally come! You can now e-file Form 990 and ditch that paper filing method forever. The May 15th deadline to have this form transmitted to the IRS is coming up quick, and I have the perfect solution for you to extend your deadline and enjoy the ease of e-filing all in this handy-dandy blog.
The rumors are true and you can E-FILE Form 990 with Express990.com and never deal with those long paper forms again. Form 990 can be e-filed by tax exempt/nonprofit organizations with gross receipts greater than or equal to $200,000 or total assets greater than or equal to $500,000 at the end of the tax year. Certain organizations will not need to e-file Form 990, including: small nonprofits, faith-based organizations, subsidiaries of other nonprofits, nonprofits that aren’t in the system currently, religious schools, missions and missionary organizations, state institutions, and government corporations.
Express990.com has conveniently provided information on each schedule included on Form 990 and you can find all that information on our page – Schedules for IRS Form 990.
How To Extend Your Deadline with Form 8868
The May 15th deadline is almost here and it takes a bit of time to prepare Form 990 before it can be transmitted to the IRS. They don’t call it the Long Form for nothing. You can e-file Form 8868 – Exempt Organization Tax Extension – for an automatic 3 month extension of time to file. And if the initial 3 months is not enough, you can apply for an additional 3 months with Part II of Form 8868. Here’s the breakdown of Form 8868:
- Part I: Automatic 3 Month Extension of Time – this is the initial extension that when e-filed will provide you with an automatic 3 month extension. You don’t need a reason or any special documentation for this extension, you simply e-file and you’re done.
- Part II: Additional (non-automatic) 3 Month Extension of Time – you can only e-file Part II if you have e-file Part I. This extension is not automatic and is up to the IRS to decide.
To e-file Form 8868 all you will need is your business/organization name, address, EIN/FEIN, and estimated amount of tax owed to the IRS (if any).
If you have any questions about e-filing your Form 990, or Form 8868, with Express990.com, don’t hesitate to contact the Express990 Support Team via phone: 704-839-2321 or email: firstname.lastname@example.org.