Amidst the hustle and bustle of the holiday season, filing your tax returns is probably the least of your worries. But, if you have an October 15th Form 990 deadline, it’s time to file your return!
Form 990, Return of Organizations Exempt From Income Tax, is the IRS’ primary tool for gathering information about tax-exempt organizations, educating organizations about tax law requirements, and promoting compliance. Organizations also use Form 990 to share information with the public about their activities. Thus, it’s a crucial part of maintaining a nonprofit organization and keeping your organization tax compliant.
If you are feeling behind on your filing, there’s no need to panic. ExpressTaxExempt is an IRS-authorized e-file provider that is committed to helping non-profits file their 990 returns and remain tax-exempt. Here are some tips to help you check your Form 990 filing off your to-do list:
Form 990 is Due By October 15, 2021
The IRS Form 990 filing deadline is the 15th day of the 5th month following the end of your organization’s tax year.
For nonprofits whose tax year ended May 31, Form 990 is due by October 15, 2021.
Tips for Last-Minute Filing
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 affects tax-exempt organizations in tax years beginning after July 1, 2019.
Electronically filing your 990 return will make the process far more efficient and convenient. And we aren’t just saying that because it’s what we do! The IRS also recommends e-filing because your returns will be processed more quickly, and it is more secure than paper filing. In addition, when you file Form 990 with an IRS-authorized e-filing provider such as ExpressTaxExempt, the process is simple, and you can ensure your return is accurate.
Everyone can use a little help every now and then! Especially when it comes to filing tax returns with the IRS.
When you e-file Form 990 with ExpressTaxExempt, you’ll have expert support on your side! ExpressTaxExempt’s support team will be there to assist you with filing, answer any questions, and help you avoid last-minute mistakes. In addition, they are available via phone, email, and live chat.
Also, if you want more assistance or a second eye to review your return with ExpressTaxExempt, you can! With ExpressTaxExempt, you can add and manage staff members to assist you with filing. You can also invite account users to review and approve your return before submitting it to the IRS.
We know filing your Nonprofit 990 return can be stressful, especially when it’s last minute. But, if your Form 990 has any errors, it will not be accepted by the IRS. So, it’s crucial that you take your time completing your return and check for any errors before filing.
ExpressTaxExempt’s software will run an internal error-check on your form to identify any errors before you submit it. You’ll also be able to review your form and make unlimited corrections before submitting it to the IRS.
Extend Your Deadline
If your time has just about run it, rather than trying to file Form 990 quickly, it may be better to file Extension Form 8868. As long as you file Form 8868 on or before your Form 990 deadline, the IRS will grant you an additional 6 months to file your return. Form 8868 can be filed for all 990 returns except Form 990-N.
ExpressTaxExempt supports the e-filing of Form 8868. When you e-file Form 8868 with ExpressTaxExemptyou will receive your filing status instantly. Filing Form 8868 will ensure your organization does not incur any unwanted penalties from the IRS for not filing your return on time.
Meet Your Form 990 Deadline
E-filing your 990 return with ExpressTaxExempt will ensure your return is filed on time and accurately. Don’t wait until the last minute to file! File Form 990 with ExpressTaxExempt before October 15th, 2021, and meet your IRS deadline easily. Create your free ExpressTaxExempt account here!