It’s May 17, 2021, the Form 990 deadline for nonprofit organizations operating on a calendar tax year! Today is a major deadline for the nonprofit sector, and tax-exempt organizations are working to file Form 990, 990-PF, 990-EZ, or 990-N before midnight to meet their deadline.
If the Form 990 deadline for the 2020 tax year snuck up on you or your organization hasn’t quite made it through your filing process, you don’t have to miss your deadline. If your organization needs additional time, file Form 8868 to receive an automatic extension. Extension Form 8868 is an option for all 990 series forms except 990-N.
We’re here with a quick review on how to meet your Form 990 deadline and keep your organization penalty-free. If you don’t think your organization will be able to meet its 990 filing requirements by midnight, here is what you need to know about extending your deadline.
How to File Form 990
If you are filing Form 990 on deadline day, it’s still not too late to meet your deadline. This year, the IRS is mandating e-filing for the nonprofit sector. Filing with an IRS e-file provider is the best way to avoid last minute mistakes and complete your form on time. Visit this blog for more information on the May 17th Form 990 deadline and the latest e-filing requirements for nonprofits.
Not sure where to start? Click here to find out whether your organization needs to file Form 990, 990-PF, 990-EZ, or 990-N.
Is your organization located in California? Visit this blog to find out how to meet all your state and federal filing requirements for the May 17, 2021 deadline.
Complete Form 990 Easily with ExpressTaxExempt
Once you select your 990 series form with ExpressTaxExempt, it’s easy to complete your filing process. Simply select the 2020 tax year and enter your information. Next, our software will run an internal audit, checking for any mistakes. You’ll be able to resolve errors easily, send your return to any necessary reviewers and approvers, and then transmit your return directly to the IRS.
If you have filed with us before, you can pull information from previously filed returns to make completing your form even easier. You can also bulk upload information about gifts and contributions in just a few clicks.
What is Form 8868?
There is a lot of information to report on Form 990, so if you need to give your organization a little extra time to file, it’s completely understandable. IRS Form 8868 is an extension request form that gives nonprofit organizations up to 6 extra months to meet their deadline. This form is an automatic extension, which means nonprofits do not have to explain to the IRS why they need more time.
Tax-exempt organizations can use Form 8868 once per tax year. This extension form is available for Form 990, 990-PF, and 990-EZ but does not cover Form 990-N. If you are filing Form 990-N, click here to find out how to meet your deadline in three simple steps.
When is Form 8868 Due?
Nonprofits need to file Form 8868 on or before their Form 990 due date to successfully extend their deadline. For the 2020 tax year, nonprofits need to file Form 8868 by May 17, 2021.
How to Extend Your Form 990 Deadline with ExpressTaxExempt
Today is a big day for the nonprofit sector. Act now to keep your organization in good standing with the IRS. If you need extra time to e-file Form 990, you can complete Form 8868 safely and easily with ExpressTaxExempt. Complete this simple steps to request your extension:
Step 1: Enter your organization’s details. Name, EIN, ect…
Step 2: Choose the IRS 990 series deadline you need to extend
Step 3: Select your organization’s tax year. For today’s deadline, choose 2020.