Summer might usually mean more fun programs for your organization, but this year, nonprofits have been caring for the world even more than usual. Now it’s time for tax-exempt organizations to file Form 990. At ExpressTaxExempt, we deeply appreciate your work and we are here to make filing your tax returns easy.
When is Form 990 Due?
For organizations whose tax year ends on March 31, 2020, the IRS Form 990 deadline is August 17, 2020.
This deadline is determined by the 15th day of the 5th month after your organization’s tax year ends.
Meet Your Form 990 Deadline
E-filing is the best way to meet your IRS Form 990 deadline. It’s the IRS recommendation and will soon be the only way nonprofit tax returns are accepted. Whether or not electronic filing is mandatory for your organization right now, it is the fastest, most socially distant way to complete tax filing during our current global health emergency.
E-filing will help your organization avoid last-minute mistakes. If you are cutting it a little close on your deadline or just want to take precautions since this is such an important form for your nonprofit’s financial well-being, it can be helpful to have a second set of eyes. ExpressTaxExempt’s software will double-check your information for typos and errors before submitting your return to the IRS.
If you’re having trouble choosing the best software for your organization, click here for everything you need to look out for.
Request an Extension on IRS Form 990
If you think your organization may not be able to gather all it’s information and complete Form 990 before the deadline, filing IRS Form 8868 is the best policy. If your form is due today and you’re suddenly feeling under prepared, it’s not too late! Don’t let rushing to beat the deadline contribute to last-minute filing mistakes.
Give yourself the time to relax and have a smooth, stress-free filing experience. August 17 is your last chance to request an extension from the IRS with Form 8868.
If You Miss the Form 990 Deadline
When you miss the Form 990 deadline, IRS penalties start immediately. Click here to find out more about the IRS’s fines and fees for late filing.
We’re all in this together. Our support team is 100% U.S.-based and here to help with all your filing needs. We also want to make sure you have all the information you need during this time. Visit this blog to learn about provisions for nonprofits facing challenges and financial strain during COVID-19.
If you do miss the Form 990 deadline, the best thing to do is file as quickly as possible. Missing your IRS Form 990 for three consecutive years will result in your tax-exempt status being revoked, so it’s always better to file, even if you submit your form late. Whenever you’re ready to file, ExpressTaxExempt is here to help you meet your Form 990 deadline.