Nonprofit and tax-exempt organizations, although exempt from taxes, are still subject to filing annual returns with the IRS such as IRS Form 990. Form 990 is also known as the Return of Organizations Exempt From Income Tax.
IRS Form 990 is intended to provide the government and interested members of the public with an overview of tax-exempt organization’s activities for the year. Because organizations that are required to file Form 990 are tax-exempt, their yearly activities may be subject to more scrutiny by the IRS, and Form 990 allows these organizations to advocate for maintaining their tax-exempt status. Thus, filing Form 990 is an extremely important part of running a nonprofit and maintaining your tax-exempt status.
Here is everything you need to know to meet your Form 990 filing deadline on time this year.
When is the Form 990 Deadline?
Probably the most obvious and important aspect of filing Nonprofit Form 990 is knowing when your deadline is. The Form 990 filing deadline is the 15th day of the 5th month following the end of your organization’s tax year.
September 15th, 2021 is the Form 990 deadline for nonprofits whose tax year ended on April 30, 2021. As September 15th is quickly approaching, if this is your organization’s deadline, you should begin preparing to file your return! It is always better to file before the deadline to ensure you give yourself enough time to file or get assistance filing, if need be.
Which 990 Form should I file?
When it comes to meeting your deadline, there are quite a few 990 series forms. The IRS requires different forms based on your organization’s size, function, and gross receipts.
With ExpressTaxExempt, you can take advantage of our “Form 990 Finder” and “Form 990 Due Date Calendar” tools. Our Form 990 finder tool will help you find the correct Form 990 return your organization needs to file. All you have to do is tell us about your organization and we’ll recommend the right 990 Form for you. To find your Form 990 due date, you can use our due date calculator tool and simply select the form you use to file with the IRS and the month your tax year ends.
ExpressTaxExempt supports e-filing for Forms 990-N, 990-EZ, 990, 990-PF, 990-T, and extension Form 8868. ExpressTaxExempt supports most of the Schedules for Form 990. These Schedules are auto-generated depending on the information provided when preparing your Nonprofit Tax Form 990 return with our software.
Filing Form 990 Electronically
Filing Form 990 by paper is no longer an option. Nonprofits and tax-exempt organizations are now required to file all IRS 990 returns electronically. This recent change is outlined in the 2019 Taxpayer’s First Act and effects tax-exempt organizations in tax years beginning after July 1, 2019.
Electronic filing provides fast acknowledgment that the IRS has received your return and reduces normal processing time, making compliance with reporting and disclosure requirements easier. E-filing provides a more convenient and accurate filing for your 990 returns. When you file Form 990 with an IRS-authorized e-filing provider such as ExpressTaxExempt, the process is simple and your return will be processed quickly and securely.
Once your 990 return is transmitted and processed by the IRS, you will receive your filing status from ExpressTaxExempt instantly. If your return happens to get rejected, you can easily fix the errors and re-transmit the return for free with ExpressTaxExempt.
Need more time to file your IRS Form 990?
If your organization thinks they may need more time to file Nonprofit tax filing Form 990 before the September 15th, 2021 deadline, you have other options. Don’t risk missing your deadline and getting penalized by the IRS. Instead, you can file Form 8868 to request an extension. When you file Form 8868, your organization will automatically receive a 6-month deadline extension for your Form 990. You need to file Form 8868 on or before your Form 990 deadline. This extension is available for all 990 series forms except 990-N.
Submit Form 990 With ExpressTaxExempt!
Don’t wait until the last minute to file! File Form 990 with ExpressTaxExempt before September 15th, 2021 and meet your IRS deadline easily! ExpressTaxExempt will provide you with step-by-step instructions for your filing, internal error checks, and real-time updates. If you run into any problems while filing, our dedicated, live customer support team will be there to help.
We’re committed to helping you protect your tax-exempt status!