Both Form 990 & 990-EZ are due by the fifteenth day of the fifth month following the organization’s tax year end date. Depending on the type of tax year that an organization operates on, the due date will vary. For example, if the organization operates on a fiscal tax year of April 1 to March 31 then its due date annually to file is August 15, while standard calendar tax year organizations (January 1 to December 31) would file on May 15 of each year.
Failing to file your Form 990/990-EZ can be very detrimental to your beloved tax-exempt organization. If an organization fails to file their annual information return with the IRS, a penalty of $20 is charged each day the return is late. Although this penalty increases daily, it cannot exceed 5% of the organization’s gross receipts or $10,000, whichever is less. For larger groups, if the organization’s annual receipts exceed $1,020,000, the per diem penalty increases to $100, with a maximum penalty of $51,000 per return.
Before you know it, it will be time for you to file with the IRS. We understand how hectic things can become when running an effective organization, so ExpressTaxExempt offers a quick and affordable extension for organizations to file their Form 990/990-EZ. Filing extension Form 8868 by the original filing deadline will grant an organization an additional six months to file, upon approval of the extension.
Filing Form 8868 with ExpressTaxExempt can be done within minutes. Simply register or sign in with ExpressTaxExempt to get started, enter basic information about your organization (name, EIN, address, and contact number) and submit your extension form in no time! You will be notified instantly by email with the status of your submitted form once we hear back from the IRS.
Are you on the go and not near your computer? No problem! Conveniently e-file with our downloadable mobile app. With our ExpressTaxExempt – Form 8868 Mobile App, you can quickly apply for an automatic extension on the go using your iPad or Android tablet. Just download, sign in, and choose the appropriate IRS form to apply for an extension.
As always, feel free to contact our support team of e-file experts at 704.839.2321 for any questions or help with your e-filing experience. We’re here to assist you Monday through Friday from 9 a.m. to 6 p.m. EST or feel free to reach us 24/7 via email at [email protected].