Showing posts with label july tax deadline. Show all posts

How To File By the July Form 990 Deadline

We are almost halfway through another month which means a new Form 990 deadline is right around the corner.

Exempt organizations with a fiscal tax year starting in March must file IRS Form 990 by the July 15 deadline.

However, with July 15 falling on a Sunday this year, you technically have until Monday, July 16 to file your IRS Form 990. Woot woot! \o.o/

Let’s review how to file by the July Form 990 deadline to keep your organization in good standing with the IRS.

How To File By the July Form 990 Deadline

Select The Correct Form 990

There are four types of 990 Forms that exempt-organizations can file. Here’s a super-quick guide on the IRS Form 990 Series to help you determine which 990 Form to file:

Form 990:

If your tax-exempt organization’s gross receipts are greater than $200,000 and your total assets (art, historical pieces, etc.) are greater than $500,000 then this is the form you are searching for.

Form 990-EZ:

If your charitable organization’s gross receipts were less than $200,000, and your total assets are less than $500,000 you will need to file Form 990-EZ.

Form 990-N:

If your organization’s gross receipts for the previous fiscal year were less than $50,000, then this form is for you. This one is actually very different from the other types and is referred to as an e-Postcard.

Form 990-PF:

Form 990-PF is filed by Exempt & Taxable Private Foundations as well as Non-exempt Charitable Trusts which the IRS treats as private foundations.

IRS Form 990 E-filing Checklist

Before completing your organization’s Form 990, take a moment to locate and organize all your necessary tax-related information to make the filing process easier and less time-consuming.
Depending on which Form 990 you must file, a variety of information will need to be provided:

Information Needed To File Form 990-N
Employer Identification Number Legal Name Fiscal year period	Principal Officer Current Address Gross Receipts under $50,000

Information Needed To File Form 990/990-EZ/990-PF

EIN
Legal Name
Fiscal year period
Current Address
Contact number
Exemption type
List of Officers and Key Employees
Prior year return
Contributions for the past 5 years
Other Revenue details
Expenses
Investment Income details
Numbers of Employees, Contractors & Volunteers

Organization’s Mission
Accomplishments for the year (Grants Paid, Projects finished, etc.)
Donor Advised Fund Information
Endowment Funds Information
Assets

(Art, Historical treasures, etc.)

Policies
Details of Activities
(Political, lobbying, foreign transactions, etc.)
Related organization

How To File Form 990

Now that you know how to file by the July Form 990 deadline, file online using ExpressTaxExempt’s self-guided filing process. We assist tax-exempt and nonprofit organizations by providing automatic schedules and worksheets, 100% US-based customer support, prior year filings, and more! Register today and let us help you stay in good standing with the IRS.

File IRS Form 990

Form 990-N e-filers and nonprofit organization leaders, don't miss an important upcoming deadline for tax exempt organizations. Organizations that operate on a fiscal tax year may need to file their return by Monday in order to keep their current tax exempt status.

Form 990-N is due every year by the 15th day of the 5th month after the close of your tax year. For those that have a fiscal year that ended in February or March, your filing deadline is right around the corner:

-February 28/29 (Fiscal Tax Year End Date) -- Due on Monday, July 17 (July 15 falls on a weekend)

-March 31 (Fiscal Tax Year End Date) -- Due on Tuesday, August 15

-Click Here to file your organization's Form 990-N (e-Postcard)

Filing Form 990-N (e-Postcard) is extremely easy and can be completed in three simple steps with ExpressTaxExempt:

-Search Organization's EIN

Enter your Employer Identification Number (EIN) to view filing history and e-file your Form 990-N to the IRS.

-Select Filing Year

Choose the available tax year from your filing history list to e-file and create an account to review your filing details. You can also update any of your organization information if necessary.

-Review & Transmit to the IRS

Complete payment information and transmit your e-Postcard to the IRS instantly. You can review your payment receipt or summary of your e-Postcard once you transmit your return.

Although there is no penalty for filing Form 990-N late, organizations that fail to file for three consecutive years will automatically lose their tax-exempt status. If things are hectic for you right now, no need to worry. You can simply file an extension with ExpressExtension and receive an extra 6 months to file.

Take advantage of our useful Fiscal Tax Year Filing Calendar chart below to find out when your Form 990-N is due:

Tax Year Begin Date	Tax Year End Date	Form 990 Deadline
January 1	December 31	May 15
February 1	January 31	June 15
March 1	February 28/29	July 15
April 1	March 31	August 15
May 1	April 30	September 15
June 1	May 31	October 15
July 1	June 30	November 15
August 1	July 31	December 15
September 1	August 31	January 15
October 1	September 30	February 15
November 1	October 31	March 15
December 1	November 30	April 15

Check-out some of our most recent blogs:

New Leadership? No Problem: Organizational Leadership Transition Tips

Give Now, Receive Later: Don't & Get Money Back

An important deadline is approaching for tax exempt organizations and Form 990-N e-filers! Organizations that operate on a fiscal tax year may need to file a return by next week in order to keep their organization's current tax exempt status.

Form 990-N (e-Postcard) is due every year by the 15th day of the 5th month after the close of your tax year. A tax year is usually 12 consecutive months and is categorized as either a calendar tax year (January 1 - December 31) or a fiscal tax year (a period ending on the last day of any month except December). Organization’s whose fiscal tax year ended in the month of February should file their Form 990-N via ExpressTaxExempt by July 15. Since the July 15 due date falls on a Saturday, you will have two extra days to submit since filing will be extended to the following business day, which would be Monday, July 17th. Once again, all 990-N Forms for groups that have a fiscal tax year which ends in February should file no later than Monday, July 17th.

Although there is no penalty for filing Form 990-N late, organizations that fail to file for three consecutive years will automatically lose their tax-exempt status.

Filing a Form 990-N (e-Postcard) for your organization is very easy through ExpressTaxExempt and can be completed in three simple steps:

Search Organization's EIN

Enter your Employer Identification Number (EIN) to view filing history and e-file your Form 990-N to the IRS.

Select Filing Year

Choose the available tax year from your filing history list to e-file and create an account to review your filing details. You can also update any of your organization information if necessary.

Review & Transmit to the IRS

Complete payment information and transmit your e-Postcard to the IRS instantly. You can review your payment receipt or summary of e-Postcard once you transmit your return.

And just like that, your form is filed with the IRS and your organization remains tax exempt. It’s really easy as 1-2-3! If things are busy with your organization and you just don’t have the time to file the Form 990-N you can just take a few minutes and file Form 8868 with ExpressExtension and apply for a 6-month filing extension to get some more time.

Although your organization’s due date may not be July 15, you may have one coming up soon. Reference our Fiscal Tax Year Filing Calendar chart below to find out your deadline:

Tax Year Begin Date	Tax Year End Date	Form 990 Deadline
January 1	December 31	May 15
February 1	January 31	June 15
March 1	February 28/29	July 15
April 1	March 31	August 15
May 1	April 30	September 15
June 1	May 31	October 15
July 1	June 30	November 15
August 1	July 31	December 15
September 1	August 31	January 15
October 1	September 30	February 15
November 1	October 31	March 15
December 1	November 30	April 15

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 support@ExpressTaxExempt.com.

Check-out some of our most recent blogs:
New Leadership? No Problem: Organizational Leadership Transition Tips

Give Now, Receive Later: Don't & Get Money Back

Facebook

Twitter	Follow @ExpressExempt

LinkedIn

ExpressTaxExempt Blog

How To File By the July Form 990 Deadline