How to Keep Your Tax-Exempt Status by Filing IRS Form 990

Today is another IRS Form 990 deadline day! If your organization operates on a fiscal tax year that begins on February 1 and ends on January 31, you are required to file IRS Form 990 by today, June 15. You have until midnight to submit this form or extension Form 8868 to receive additional time to file.

Well the clock is ticking and time is running out, so let’s discuss how to file at the last minute and meet the June 15 deadline.

How to Keep Your Tax-Exempt Status by Filing IRS Form 990

The first step in meeting the June 15 deadline is to know which 990 Form your organization is required to file. There are four Forms that make up the Form 990 Series and we would hate for you to waste your time and file the wrong one. Here is a brief summary of each nonprofit IRS Form, simply select the one that best fits your organization: 

Nonprofit Form 990 Series

Click here to find out what information your nonprofit organization needs to have to file these forms.

How To File IRS Form 990

Need More Time To File? We’ve Got You Covered!

If you need more time to file Form 990 or want to take your time completing the Form, that’s okay! You can quickly file Form 8868 for an automatic 6-month extension!

Form 8868 is used by nonprofit groups, charities, and other tax-exempt organizations to get an extension of time to file their federal tax return.

Filing this form with us by your Form 990 deadline will result in a 6-month extension of time to file your Form 990 and avoid IRS penalties. But don’t delay, you must file your IRS Form 8868 tax extension today in order to get the automatic 6-month extension.

The Easiest Way to File

ExpressTaxExempt eliminates the worry about missing your Form 990 filing deadline! With our simple, interview style e-filing process, you can complete your form and instantly transmit it directly to the IRS.

We offer easy e-filing for Form 990 Series returns (Form 990, Form 990-N (e-Postcard), Form 990-EZ, and Form 990-PF) so you can quickly file the correct 990 Form for your organization. For more information on e-filing pricing, click here.

Follow the simple step-by-step guide to create your free account, enter basic information about your organization, complete the form interview, review your information and audit report, pay for your form, and transmit it directly to the IRS. The entire process is completed in 5 simple steps!

E-File Form 990 Today!

Read More »

How To Never Mistake IRS Form 990 and Form 990-N Again

Tomorrow is your Form 990 due date! But before you file it is important to know which 990 tax form is required by the IRS. File Form 990 based on the financial status of your organization before tomorrow’s deadline!

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, you need to know that which form is required by your tax-exempt organization.  Today we will dig deeper into how never to mistake IRS Form 990 and Form 990-N again.

How To Never Mistake IRS Form 990 and Form 990-N Again

To make a long story short, 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. 

The following type of nonprofit organizations are not permitted to file an IRS Form 990-N:

• 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) 

Although these types of organizations are not permitted to file Form 990-N (e-Postcard), they must still file a Form 990 tax form to remain tax-exempt and avoid hefty IRS penalties. The appropriate form for your organization is based on your gross receipts and assets. One of the following forms must be filed by May 15th.

Form 990 Series 

Form 990-N (e-Postcard) - For organizations reporting gross receipts less than $50,000

Form 990-EZ (Short Form) - For organizations reporting gross receipts less than $200,000 and total assets less than $500,000

Form 990 (Long Form) - For organizations reporting gross receipts equal to or greater than $200,000 and total assets equal to or greater than $500,000

Form 990-PF - For organizations identifying as an exempt private foundation, taxable private foundation, or a nonexempt charitable trust treated as a private foundation.

For more information about which 990 tax form your organization should file and where to file Form 990, click here. If you are ready to file, ExpressTaxExempt has everything you need to remain compliant with the IRS by e-filing Form 990.

If you need more time apply for an extension for Form 990 using tax extension Form 8868.

File 990-EZ Online                                       File 990 Online

Read More »