Organizations that operate on a calendar tax year (January – December) have a major tax filing deadline coming up on May 15th. If you have filed a Form 990 or Form 990-EZ before, you know that there are “Schedules” that are attached to your return which provides necessary additional information regarding your organization.
There are a total of 24 Schedules between Form 990 & 990-EZ; today we will focus on the most commonly filed Schedule (Schedule A) and its newly developed features with our sister product TaxBandits. Here’s what you need to know about new Schedule A features just in time for the May 15 deadline.
New Schedule A Features Just In Time For The May 15 Deadline
TaxBandits makes the e-filing process easier for all of our clients by automatically generating Schedule A once you provide answers to prompted questions when preparing your Form with our software.
Well, we have talked about it enough, so let’s dive into the world of Schedule A.
What is Schedule A?
Schedule A is used by tax-exempt organizations or any organization that files Form 990/990-EZ to provide information about its public charity status and public support. This Schedule allows your organization to explain its program services and give its mission statement or other descriptions of its charitable goals.
Essentially, any non-profit that is supported by the public must file this Schedule along with their Form 990.
Filing Schedule with TaxBandits
Filing Schedule A can be rather time-consuming and intimidating; but not when you easily file with TaxBandits! TaxBandits’ comprehensive software offers a simplified filing process that can be completed quickly, efficiently, and correctly the first time.
When filing Schedule A with TaxBandits you can eliminate the guessing game of whether or not you passed or failed the public support test. Our built-in audit feature lets you know before you transmit.
Other newly developed features now allow filers to simply enter contribution totals instead of individual contributions and determines the exact figures for Public Support based on answers provided to our prompted questions during the filing process.
Best of all, current ExpressTaxExempt and TaxBandits users now have the ability to copy standard information from their previous year return to the current year; saving a great deal of time from the standard filing process.
As the big nonprofit Form 990 filing deadline quickly approaches on May 15th, take advantage of the convenient e-filing process that TaxBandits offers. Our newly developed features for filing Schedule A are sure to make your filing experience pleasant and stress-free.