704.839.2321

ExpressTaxExempt Blog

Showing posts with label e-file 990. Show all posts
Showing posts with label e-file 990. Show all posts

Filing 990 at The Last Minute? Learn These Tips!

We believe that filing tax returns for your exempt organization should be as hassle-free as possible.

That’s why we offer an easy, intuitive tax-filing software that works with you to help keep that all-important compliant status with the IRS for your organization.

We’ve taken the complication out of filing Form 990 and reduced it to a form that is as tamed as a kitten!

Read on below to find out which 990 Form you should use when filing, what filing information you should have available, and how to make filing a breeze!  That’s as easy as 1-2-3!

Just to be sure...

When approaching the task of filing a 990 for your organization, take a few moments to read over this chart to get an overview of the various forms, as well as a heads up about what you’ll need.

You may have noticed...

There’s a big difference between Form 990-N and the rest of the IRS Form 990 forms. Either way, you will be filing based on the financial status of your organization, determined based on your gross receipts and assets.

IRS Form 990 and IRS Form 990-N (e-Postcard) are the most confused forms. If you are responsible for filing your nonprofit’s tax return, knowing which form to use is essential.

So, let’s dig a little deeper into the differences in filing IRS Form 990 versus filing Form 990-N.

Filing Form 990-N:

IRS Form 990-N (e-Postcard) is for nonprofit organizations with gross receipts that do NOT exceed $50,000. This form is typically filed by smaller nonprofit organizations and is the quickest 990 tax form to complete.

990-N sounds pretty great, right?  Be careful! There are certain organizations that aren’t allowed to file the e-Postcard version of 990.  Check this list and be sure you’re not on it before you try filing Form 990-N.

990-N is a no-go for:

  • Political organizations required to file an exempt organization return annually
  • Private foundations (File Form 990-PF)
  • Supporting organizations such as:
    • Organizations with gross receipts $5,000 or less and classified as a section 501(c)(3) religious organization.
    • Auxiliaries of Churches
    • Exclusive religious activities (by religious orders)

Filing Form 990:

If you’ve figured out that you can’t file a 990-N, that doesn’t mean you’re off the hook! If you want to remain tax-exempt and avoid hefty IRS penalties, you’ll still be filing, but you’ll use one of the other 990 forms available.  It will be either the 990 EZ, Form 990, or the IRS Form 990 PF.

Regardless, ExpressTaxExempt is here to get you through it. Regardless of the form, we have a simple process in place to help guide you through filing. We really walk you through it, so you can have the confidence that you’re completing the right form, and completing it correctly.  We’ve pulled out all the stops, including checks that keep all your information accurate.

Ready to file?

The uniqueness of Form 990 is that it has a deadline on the 15th of every month.

Depending on the calendar or fiscal tax year of your organization, you may have a 990 Form due soon!

Click below and start your simple process for filing Form 990 at the last minute.

Don’t let procrastination get in the way! File today!


File 990 today!

Read More »

Exempt Organizations Need To File IRS 990 With ExpressTaxExempt

Members of a tax-exempt organization that need to file IRS 990 with ExpressTaxExempt
We think it’s pretty safe to say that there’s no place like home.

If you filed IRS Form 990 within the past year, you became familiar with our sister product TaxBandits, which helps exempt organizations tackle the world of compliance beyond IRS 990 forms.

After much consideration and feedback from awesome clients like yourself, we have decided to relaunch ExpressTaxExempt as the reigning hub for “all things 990!”

No need to worry–if you enjoyed all of the bells and whistles of TaxBandits, you can still e-file your nonprofit tax reports in the same place as you can your W-2, 1099, and even your quarterly Form 941.

Our mission at ExpressTaxExempt will always be to keep your organization compliant and exempt from taxes with simplified e-filing.

Instead of navigating through several websites for the tax-exempt forms you need, we’ve consolidated all our resources under one name and brand. Our service is dedicated to providing the best and most efficient e-filing experience for tax-exempt organizations, no matter how big or small.

Your account information will remain the same for both ExpressTaxExempt and TaxBandits, so there’s no need to worry about creating a new account and remember yet another complicated password.

Best of all, we now offer special bundled pricing which allows you to save 5% when you bundle your Form 990 filing with your 8868 Extension Form. Check out the new pricing, here.

Now that ExpressTaxExempt is back up and running like never before, come on back home and visit our website to get an early start on your IRS Form 990.


Welcome Home!

Read More »

How to Get Premium Support to File Your 990 Form

E-filing for the first time?
Do you find yourself having multiple questions while filing?
Do you consider yourself to be non “tech-savvy?”

As the premier hub for everything tax exempt, ExpressTaxExempt continues to provide you with easy-to-use e-filing for 990 Forms and extensions for your organization to submit its tax return to the IRS. Although we’ve designed our program to be completed smoothly, we still realize that reporting to the IRS can be rather intimidating, to say the least, which is why we offer all users the option to take advantage of our exclusive ExpressTaxExempt Premium Support service.

ETE_PremiumOffer_JPEG.jpg
Headquartered in beautiful Rock Hill, South Carolina, our premium support team will provide you with the following incentives during your session:
  • Assistance from a live professional
  • Help you fill out & complete your tax return from start to finish
  • Fix any filing errors
  • Provide step-by-step instructions

Make life and the e-filing process much easier by taking advantage of our Premium Support feature and scheduling a session today at ExpressTaxExempt. Upon logging into your account,  simply click “Premium Support” under the “My Account” tab in the top-right corner, select an appointment date using the calendar, and choose an available appointment time.

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 support@ExpressTaxExempt.com.

Read More »

Miss the 990 Deadline? Here's What to Do

In case you missed it, the 990 Form deadline for calendar tax year filers was May 15!

And if you did miss it, you may be wondering, “What now?” Because, while we all know the IRS isn’t really a fan of people missing their deadlines, they are pretty adamant about making sure tax forms are filed anyway. Well we’re here to tell ya:




First, Make Sure This Was Your Deadline
Remember: the Form 990 deadline works a little differently than other IRS information returns. Rather than one set deadline for all tax-exempt organizations each year, your deadline is determined by your organization’s tax year end date. The May 15th deadline is the 990 Form due date for organizations that operate on a calendar tax year, which starts on January 1 and ends December 31 each year.

If your organization does operate on a calendar year tax year, move on to the next section for what to do next. If your organization has a tax year with a different start and end date, your deadline is the fifteenth day of the fifth month following your tax year end date.

If It Was, Complete and File Your Return ASAP
Don’t even think about potential penalties: your mission is to accurately complete your return and file it as soon as you can. Of course, if you’re e-filing the e-Postcard, you don’t need to worry about penalties; there are no immediate monetary penalties for filing Form 990-N late, but if you miss filing it for your organization for 3 years, tax-exempt status is automatically revoked.

Now, for you 990, 990-EZ, and 990-PF filers, the IRS penalty for late filing illustrates why it’s important to file as soon as possible after missing the deadline. For tax-exempt organizations with gross receipts less than $1,000,000, the IRS imposes a penalty of $20 per day for each day the return is late. In other words, the penalty for filing a few days late isn’t nearly as steep as it is for filing a few months late.

And Heads Up: You May Still Be In a Perfection Period
Now we’re going to throw out a slightly different late-filing scenario that may apply to your organization. Let’s say you did file your 990 Form a few days before or on the actual deadline, but it was rejected by the IRS for containing errors.

Luckily, even if you end up filing your corrected return after the deadline, your return may still be considered filed on time if you’ve filed within the IRS’s Perfection Period. You see, when you file a return and it’s rejected for errors, you have a Perfection Period of 10 days (5 days for Form 8868) to correct and re-transmit your return. If everything is correctly filed during that Perfection Period and your return is accepted by the IRS, they’ll consider it having been filed correctly on the date you initially filed. So if your form was rejected Friday before the deadline, you’re still within the 10-day Perfection Period and can file without receiving a late-filing penalty.

Whatever the Case, We’re Here For You
Just remember in the hustle and bustle of it all that, if things get a little too hectic, ExpressTaxExempt is here for you! We’ve got tons of information all around our site for tax-exempt organizations, and our support team is always ready to answer any questions you may have about tax-exempt e-filing or your 990 Form. So if you need us, don’t hesitate to give us a call or send us a live chat or email!

Read More »

Need Further Help? Contact Us

Our live support specialists in Rock Hill, SC are always ready to offer professional service and assistance.

704.839.2321

Frequently Asked Questions

Find answers related to e-filing IRS Form 990, 990-EZ, 990-PF, 990-N (e-Postcard), Form 1120-POL and Extension Form 8868 with our Frequently Asked Questions.

Learn More

Start Now

Start now to e-file an exempt organization returns or file for a extension with ExpressTaxExempt.

Start Now