November 16, 2020 is a big deadline for tax-exempt organizations. Usually, the Form 990 deadline is determined by the 15th day of the 5th month after your organization’s tax year ends. For nonprofits whose tax year ended on June 30th, that deadline is November 16, 2020.
With COVID-19 this year, the IRS offered more time for calendar year May and July Form 990 filers. For nonprofits who filed Form 8868 to receive an extension, the new deadline is November 16.
Filing Form 990 at the Last Minute? E-file!
So you’re filing Form 990 the day it’s due? The best way to meet your deadline on time is to file with a trusted e-file provider.
The IRS requires most nonprofit organizations to e-file Form 990. They’ve been initiating a move away from paper filing, starting with tax-exempt organizations. The main reasons for this shift are speed, efficiency, and social distancing during COVID-19. For organizations that are used to paper filing, this may seem like a big adjustment, but if you’re trying to file Form 990 the day it’s due, e-filing is a life-saver.
Completing Your Form 990
Simple steps to complete your Form 990 with ExpressTaxExempt
Step 1: Enter your organization details
Step 2: Select your tax year
Step 3: Follow the form interview process
ExpressTaxExempt helps you answer questions that could prevent you from completing your form. Our support team is 100% U.S. based, available by phone, live chat, and email, and always here to help. Our software also gives you helpful prompts so you can enter the correct information in each field of your IRS Form 990. Tax-Exempt can be complicated and you shouldn’t have to do it alone.
Visit this blog for everything you need to know to get prepared and file Form 990 online this season.
Avoid Mistakes on Form 990
Step 4 of your filing process: We’ll catch any last-minute mistakes and you can correct them easily.
When you e-file with ExpressTaxExempt, we run an internal audit, checking all your information for errors and discrepancies. Making a mistake on Form 990 can result in IRS rejection and penalties. If you’re filing on the day of your deadline, you can’t afford to get your form rejected because you won’t have time to file again before it’s due. Don’t risk IRS rejection over a simple typo; take the precaution of great tax software and meet your deadline easily.
For more tips on how to submit Form 990 error-free, click here.
File Form 990 Instantly with the IRS
Step 5: Review and transmit your Form 990 to the IRS.
If you’re filing Form 990 the day it’s due, you don’t have time for standing in lines or waiting for your return to make it through the mail. You need to transmit your information straight from your computer to the IRS. When you e-file Form 990, the IRS receives your return instantly.
Get More Time To File Form 990
If you’re working through Form 990 and realize you don’t have all your information prepared, or you simply don’t think you’ll be able to finish on time, there may be another option. Nonprofits whose tax year ended on June 30 can still extend their Form 990 deadline. As long as you file Form 8868 by the end of the day, your organization can get an automatic 6-month extension on your deadline. Give yourself the time you need for an accurate and stress-free filing experience.
For more information on filing Form 8868 to extend your deadline, visit this blog.
We’re committed to helping you file Form 990 on time and stay IRS compliant this season!