704.839.2321

ExpressTaxExempt Blog

Showing posts with label may 15 deadline. Show all posts
Showing posts with label may 15 deadline. 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 »

Reminder: Today is THE Day for Nonprofits to File 990s

If you’re thinking you’re going to keep putting off filing Form 990 for your nonprofit organization, we have one thing to say to you:

















Maybe that was a little harsh, but you really needed a wake-up call! You have SO MUCH to lose! If you fail to file a 990 Form for your nonprofit, not only could you face penalties and fines from the IRS, you could actually lose your compliance status! That means that the IRS will no longer recognize your organization as a nonprofit.

We really don’t want that to happen, and if that means bringing a red-headed Cher in to handle things, well look, we’ll do it. That’s how much we want you to get started, NOW on filing your Form 990.

But hey, we’re not all spice. We’re also nice. We’ve set up an intuitive, simple, easy-to-use process, and we have it waiting for you. Yes! We’ve been waiting for you to file your 990! We’re ready, and we’ll have your Form 990 ready to file quickly! Don’t believe us?

Okay, Cher, let ‘em have it:
















Look, we’ll prove it!  Here’s the exact, step-by-step process you’ll take to file your Form 990 with us!

Step 1: Sign in or create your free account.
Step 2: Add your organization’s details.
Step 3: Answer questions - interview style!
Step 4: Review your information and audit report
Step 5: Pay and transmit directly to the IRS

Okay, that’s it!  No excuses! Let’s get started! We’re behind you. Cher...is in front of you because she’s never behind anyone.  But we’re here! And we know you can do it! Just click below!

File 990 Now!

Read More »

Secret's Out: Form 990 Filing Doesn’t Need to Be Complicated

Amid popular belief, filing tax returns for your exempt organization doesn’t have to be a headache or time-consuming.

Utilizing a comprehensive e-filing software such as TaxBandits will help you maintain compliance with the IRS for your organization.

Well, the secret’s out. Form 990 filing doesn’t need to be complicated at all!

Here’s some info you should have readily available to make the process easy and simple.


















Read More »

E-File Form 8868 If You Need A Little More Time

You’ve probably picked up on the fact that we have been heavily focused on the upcoming Form 990 due date on May 15 for nonprofit and tax-exempt organizations. In the last few days, we have gone over [almost] everything 990 related, but what if you are not quite ready to file your beloved organization's IRS Form 990?

ExpressTaxExempt understands how busy and difficult it can be running a nonprofit organization. Adding tax filing deadlines to your to-do list isn’t always easy or manageable.

Your organization helps those in need, now let us help you e-file Form 8868 if you need a little more time.

Easy Way To Receive Extra Time To File IRS Form 990

The most recognized and discussed deadline day for nonprofits is May 15th. Each year on this date, exempt organizations operating on an annual tax year from January - December must file their Form by this date. If not, hefty late or failure-to-file penalties are “waiting for you at the door.”




That’s where tax extension Form 8868 comes in! If you file IRS Form 8868 by the original 990 due date on May 15th, your organization will automatically receive an additional 6 months time to file.

To avoid penalties, you must file the tax extension Form 8868 by midnight on the 990 due date [May 15, 2018]. Filing IRS Form 8868 is quick and easy. Here’s how you can file:

How To File IRS Extension IRS Form 8868

  1. Register or sign in with ExpressTaxExempt
  2. Add organization's basic information such as name, EIN, address, and contact number
  3. Select the IRS form which you are applying for the tax extension
  4. Enter your organization's tax year period
  5. Choose your tax extension type and provide information for signing authority
  6. Review your return and fix any errors
  7. Pay and transmit to the IRS
Easy, right?! The great thing about tax extension Form 8868 is that you can file it in advance and be completely stress-free on the 990 due date, May 15, 2018. Your extended 990 due date will be November 15, 2018...you can’t beat a deal like that!



It only takes a few minutes to apply for an extension using ExpresssTaxExempt. Take the first step to getting more time to file by signing up for a free account. 

Read More »

How To Prepare For The IRS Form 990 May 15 Deadline

Tuesday, May 15th is the deadline for tax-exempt organizations operating on a typical calendar tax year to file Form 990. The key to stress-free filing is learning how to prepare for the IRS Form 990 deadline.

What is Form 990?

IRS Form 990 is the annual financial and informational return filed by all tax-exempt nonprofit and charitable organizations. Before we get into the information you are required to file let’s review the 990 Form Series. Your organization's type and financial situation will decide which nonprofit tax return Form 990 you will file.

There are four types of 990 Forms in the Form 990 Series. Select and e-file the appropriate nonprofit tax return Form 990 based on the following requirements:

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. 

How To Prepare For The IRS Form 990 May 15 Deadline


Gather & Organize Necessary Documents

Before filing your organization’s 990 Form, take the time to gather all your required information. If you are not organized, you will find yourself wasting countless hours searching for financial information; which is never fun.

Depending on the Form 990 you are required to file, you may have to report various details such as revenue and expense amounts, program services, a list of employees, financial statements, governance and more.

Know What Information You Need

Well since we’re on the topic of required information let’s go ahead to get to it. Here’s what you will need when you file your 990 Form with ExpressTaxExempt:


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 organizations

File Like a Pro with ExpressTaxExempt


Now that you know how to prepare your IRS Form 990 you can easily file your IRS Form 990. At ExpressTaxExempt we support your organization by providing a simplified, interview style filing process, automatic schedules and worksheets, retransmit rejected returns for free, support prior year filing and more!

Success starts with ExpressTaxExempt, so take the first step in maintaining your nonprofit’s tax compliance by signing in or creating your free ExpressTaxExempt account today.

File IRS Form 990 Online

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