We are almost halfway through another month which means a new Form 990 deadline is right around the corner.
Exempt organizations with a fiscal tax year starting in March must file IRS Form 990 by the July 15 deadline.
However, with July 15 falling on a Sunday this year, you technically have until Monday, July 16 to file your IRS Form 990. Woot woot! o.o/
Let’s review how to file by the July Form 990 deadline to keep your organization in good standing with the IRS.
How To File By the July Form 990 Deadline
Select The Correct Form 990
There are four types of 990 Forms that exempt-organizations can file. Here’s a super-quick guide on the IRS Form 990 Series to help you determine which 990 Form to file:
If your tax-exempt organization’s gross receipts are greater than $200,000 and your total assets (art, historical pieces, etc.) are greater than $500,000 then this is the form you are searching for.
If your charitable organization’s gross receipts were less than $200,000, and your total assets are less than $500,000 you will need to file Form 990-EZ.
If your organization’s gross receipts for the previous fiscal year were less than $50,000, then this form is for you. This one is actually very different from the other types and is referred to as an e-Postcard.
Form 990-PF is filed by Exempt & Taxable Private Foundations as well as Non-exempt Charitable Trusts which the IRS treats as private foundations.
IRS Form 990 E-filing Checklist
Before completing your organization’s Form 990, take a moment to locate and organize all your necessary tax-related information to make the filing process easier and less time-consuming.
Depending on which Form 990 you must file, a variety of information will need to be provided:
Information Needed To File Form 990-N
Employer Identification Number
Fiscal year period
Gross Receipts under $50,000
Information Needed To File Form 990/990-EZ/990-PF
Fiscal year period
List of Officers and Key Employees
Prior year return
Contributions for the past 5 years
Other Revenue details
Investment Income details
Numbers of Employees, Contractors & Volunteers
Accomplishments for the year (Grants Paid, Projects finished, etc.)
Donor Advised Fund Information
Endowment Funds Information
(Art, Historical treasures, etc.)
Details of Activities
(Political, lobbying, foreign transactions, etc.)
How To File Form 990
Now that you know how to file by the July Form 990 deadline, file online using ExpressTaxExempt’s self-guided filing process. We assist tax-exempt and nonprofit organizations by providing automatic schedules and worksheets, 100% US-based customer support, prior year filings, and more! Register today and let us help you stay in good standing with the IRS.