What Taxes Does Your Nonprofit Need to File?

As the seasons change and the holidays quickly approach, it’s pretty easy to unintentionally put tax
filing concerns on the back burner.

While some organizations may have already filed their 990 forms this year, others that operate on a fiscal tax year might have a deadline that is right around the corner. 

If your tax exempt organization operated on a fiscal tax year of July 1, 2016 - June 30, 2017, you must file Form 990-N, Form 990-EZ, Form 990, Form 990-PF or Form 1120-POL by next Wednesday, November 15, 2017.

Filing Form 990-N (e-Postcard) with ExpressTaxExempt is very easy and can be completed within minutes. With just three steps, you can file and transmit your Form 990-N (e-Postcard) directly to the IRS and keep your exempt status. 

How To File Form 990-N

1. Search Organization’s EIN - Enter your Employer Identification Number (EIN) to view filing history and e-file your Form 990-N to the IRS. 
2. 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. 
3. 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.

Information Needed To File Form 990-N

Employer Identification Number (EIN)

Tax Year

Legal Name & Address

Different Names Used By The Organization, if applicable

Website, if applicable

Name & Address Of A Principal Officer

Confirmation Of Gross Receipts Of $50,000 Or Less

A Statement That The Organization Is Going Out Of Business, if applicable 

Benefits of Filing with ExpressTaxExempt

Why should you e-file with ExpressTaxExempt instead of other tax filing providers?

Honestly, the list of reasons is too long to post, but here are a few reasons why:

With ExpressTaxExempt you can e-file your 990-N as well as 990-EZ, 990, 990-PF, or 1120-POL forms in the most simple and easiest method possible. We even offer extension Form 8868, which provides you with an additional 6 months to file.

Our recently reduced pricing for filing Form 990 Series returns is paired with several exclusive features such as bulk upload for large amounts of information, mobile filing for iOS and Android devices, error-checks which make sure you don't leave any necessary fields blank, and live phone, chat and email support for any questions you may have.

Furthermore, ExpressTaxExempt takes the security of its users very seriously and ensures that all information entered and stored with our intensive, up-to-date web securities which are guaranteed to safeguard your private information. 

Final Steps

With all of these benefits, features, and reduced pricing for all 990 forms, why go through all the stress and time it takes to paper file? E-file your appropriate Form 990 Series return before the November 15 due date with the #1 authorized IRS e-file provider, ExpressTaxExempt. Contact our support team of e-file experts at 704.839.2321 for any questions or help with your e-filing experience. We’re available Monday through Friday from 9 a.m. to 6 p.m. EST or reach us 24/7 via email with support@ExpressTaxExempt.com.

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ExpressTaxExempt & GuideStar Join Forces to Benefit Nonprofits

Author John C. Maxwell once said that “teamwork makes the dream work.” ExpressTaxExempt can attest to this with the launch of our newest exclusive feature, Express990. 

It is with great excitement that ExpressTaxExempt launches Express990, in collaboration with GuideStar, to benefit thousands of nonprofit organizations. Nonprofits will now be able to seamlessly export their completed IRS Form 990, 990-EZ, and 990-PF returns directly to GuideStar with this new integration.

As the world’s largest source of nonprofit information, GuideStar collects pertinent information, including annual IRS filings, and distributes it through its website and more than 200 partner sites and applications. 

The collaboration between GuideStar and ExpressTaxExempt, the #1 e-file provider for thousands of nonprofit organizations, nonprofits now have the ability to send their tax returns directly to GuideStar as part of the e-filing process. 

Furthermore, this partnership will reduce the amount of time it takes GuideStar to obtain this information and makes it available to the public which will also greatly improve upon the professional impression a nonprofit makes in terms of trust and transparency. 

Donors and potential supporters will have almost immediate access to up-to-date information for the nonprofits that select this option. Normally, it takes months before GuideStar obtains 990s from the IRS because the IRS must process them first. Express990 eliminates this delay; each return is transmitted to GuideStar as soon as it is accepted by the IRS.  

Express990 sends GuideStar exactly the same data that was submitted to the IRS under penalty of perjury. This valuable information can be utilized when determining grant approvals, contributions, and more. Information regarding each organization's mission, income, expenses, finances, and leadership will be completely transparent. This transparency can greatly increase a nonprofit’s chances of donor recognition and receive funding in a more timely manner. 

Nonprofits will also have access to several exclusive ExpressTaxExempt features, including management of reviewers, approvers, and additional users, along with internal audit checks, multi-organizational filing, and multi-tax period support. Tax returns filed with ExpressTaxExempt are transmitted directly to the IRS and can be accepted within hours. Users also receive real-time email notifications with tax return updates. Best of all, ExpressTaxExempt offers a 100 percent, US-based customer support team for any and all inquiries an organization may have in regard to its e-filing.

The collaboration between ExpressTaxExempt and GuideStar, along with the launch of Express990, is a “win-win” situation for nonprofit organizations across the country. Nonprofits will be joining a platform of 1.8 million IRS-recognized nonprofit and tax-exempt organizations on the GuideStar website. Potential donors and funders will be able to quickly obtain the information that they need to evaluate your nonprofit. A process that would usually take months, can now be completed within a few days. 

We're Here To Help

As always, our aim at ExpressTaxExempt is to be of assistance to tax-exempt organizations as we dedicate our services to providing the best and most efficient e-filing experience. Make the best choice for your nonprofit and experience the great benefits of Express990 by visiting our website today at www.expresstaxexempt.com. 

For any assistance or questions about e-filing our available 990 forms, you can contact our live professionals by phone at 704-839-2321, Monday through Friday from 9 a.m. to 6 p.m., EST), by email (support@expresstaxexempt.com), or by live chat (www.expresstaxexempt.com).

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Nonprofit Showcase (A.Bevy, Incorporated)

Throughout the month of November, we have been sharing beneficial tips and advice for nonprofits and charities about holiday fundraising, and information regarding IRS compliance with tax-exempt return forms. With our #nonprofitnovember campaign, we also have been highlighting nonprofit organizations and charities that have been diligently serving their communities. And this week we are proud to showcase A.Bevy, Incorporated.

A.Bevy, Incorporated is a nonprofit organization, founded by Bryant Kirk White, with a focus on instruction through the arts, and the realization of self and individualism. Established in 2009, the organization’s vision has been placed upon “The Three Pillars,” CHANGE. PROGRESSION. GROWTH., which are the three keys towards living through one’s own distinctive purpose. A.Bevy became incorporated in 2012 with a mission “to assist individuals in finding their true passion, path, and purpose through creative introspective experiences.” As of 2014, A.Bevy, Incorporated is properly recognized as a section 501(c)(3) organization by the Internal Revenue Service.

Located in Laurens, South Carolina, A.Bevy, Incorporated hosts a number of fundraising events including banquets, tournaments, shows, festivals, forums, and workshops. The funds produced from these events are used to sponsor future events, but more importantly, to finance a variety of annual scholarships for South Carolina college students. Since its modest beginnings, A.Bevy, Incorporated has graciously grown into six collegiate sectors including Rock Hill’s very own Winthrop University.

Through educational events, media stimulating contemplative journeys towards self-purpose, and generous investments into the future minds of America, A.Bevy, Incorporated will continue to grow as a recognizable force throughout South Carolina and beyond. Thank you, A.Bevy, Incorporation - a shining example of #nonprofitnovember.

For more information about A.Bevy, Inc., you can check out the organization’s website for contact info. And if there are any other nonprofits or charities you would like to see showcased for #nonprofitnovember, let us know in the comment section below.

It doesn’t matter if your nonprofit is large or small, if it’s been around for years, or if you're just starting out. ExpressTaxExempt is your online solution for exempt organization e-filing. E-file tax-exempt return forms, extensions, and soon you can even apply for tax-exempt status with our section 501(c)(3) applications. Our live support team in Rock Hill, South Carolina can assist you with the e-filing process. Call us at (704) 839-2321; we’re available Monday through Friday from 9 a.m. to 6 p.m. EST. We also offer 24/7 email support through support@expresstaxexempt.com, and live chat at www.expresstaxexempt.com.

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27-Month Threshold

Time is always a factor in just about everything we do. You work for a number of hours throughout the day, you have a few hours for yourself or your family. You may have to be somewhere at a certain time, or you have to leave right at a certain hour. Things that have to get done, or activities that we would like to do, are often decided on how much time we have to do them. The same thing goes for taxes, or any federal forms for that matter. 

When filing for tax-exempt status, the IRS processes applications in the order they were received. But cases can be worked out of order sometimes. What’s important here is that how soon or late you apply for tax-exemption can determine when your organization actually receives its tax-exempt status.

So there’s this rule… this sort of 27-month rule that’s associated with section 501(c)(3) applications. Generally, your organization can be recognized as tax-exempt from the day it was officially formed. To receive that type of recognition date, you need to have your tax-exempt application filed, and accepted by the IRS, within 27 months after the end of the month your organization was formed.

Example: Your organization was officially formed on August 20, 2015. To get your exempt status to have to same date, your Form 1023 needs to be filed and accepted by the end of November 2017.

Now that’s a big chunk of time; it’s a little over two years. But don’t procrastinate. A lot can happen for a start-up organization within two years. You might not even decide to become tax-exempt until after a full year of operation.

“What happens if I file after 27 months?”

Nothing drastic or terrible will happen to your organization if you happen to file after 27 months. Your organization’s tax-exempt status will only be recognized after your actual filing date. However, there are exceptions depending on your organization filing late. For specific situations that mandate exception from the rule, contact your local tax professional or visit the IRS webpage.

Why wait a full two years when ExpressTaxExempt is your online solution to preparing your section 501(c)(3) application for tax exemption? Your information entered with ExpressTaxExempt is saved automatically, safely secured, and easily accessible at your leisure - anytime and anywhere. Our service also checks for any filing errors or mistakes so that your Form 1023 application can be complete and correct the first time around. Best of all, you can download and print your completed form as soon as you’re done.

Preparing your Form 1023 doesn’t have to be extremely hard. Our live team of expert professionals in Rock Hill, South Carolina are ready to help. Contact us by phone at (704) 839-2321; we’re available Monday through Friday from 9 a.m. to 6 p.m., Eastern Standard Time. You can also reach us by 24/7 email at support@expresstaxexempt.com, or by live chat at the ExpressTaxExempt website.

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#NonProfitNovember

It’s November, and quite possibly, the epitome of Autumn. By this time, even if you’re located further south in the country like we are, the weather is a bit cooler, and the leaves are showing off those beautiful, crisp, fall colors. With the time falling back an hour this past weekend, it gets dark a lot sooner in the evenings; however, the sun brightly shines even earlier in the mornings, which is good for natural sleep patterns according to health professionals.

While there are many associations with the month of November, and Autumn in general, the biggest tradition is celebrating the Thanksgiving holiday - that great time of year where we reflect on the many things each of us are thankful for. We also see humanity shine at its brightest with the moving displays of compassion through annual food drives and feeding those who are less fortunate on Thanksgiving.

It is within that vein of seasonal tradition that ExpressTaxExempt presents #NonprofitNovember in which we recognize a number of nonprofit organizations that are serving and giving back to our towns and communities. Our #NonprofitNovember campaign will share helpful management tips for nonprofits and information about IRS compliance through filing the yearly required exempt tax returns. We’ll also keep you up-to-date with the most current industry trends coming straight from the leaders of local nonprofit organizations.

#NonprofitNovember serves as an outstanding opportunity for us to get to know you, and for you to become familiar with us. You all proudly serve our communities; so why not have a team ready to serve you when it comes to e-filing your exempt returns? ExpressTaxExempt offers the quickest and easiest way to transmit your 990 forms directly to the IRS so you can spend less time filing and more on what matters most, which is being a local pillar of support. Our service includes a variety of features that you would be hard pressed to find elsewhere coupled with the best in live, US-based assistance available.

And while we all use this month to give thanks, let’s not forget to show appreciation to those who are constantly giving back to others, sacrificing time to help those in need, and volunteering for little or nothing in return. “You’re the real MVP,” as the popular Internet meme would state. And let’s also not forget to enjoy these upcoming weeks of beautiful Autumn weather. Jump in pile of colorful leaves, or take a stroll through your local park. Enjoy it soon because Winter is just around the corner right along with having to be bundled from head to toe.

Don’t be the last one prepared for the next tax season like a lone leaf hanging from a tree branch. Sign-up for your FREE account with ExpressTaxExempt right now! We won’t let you “fall,” seasonal pun intended, if you have any questions or need any assistance. Contact our live, team experts at (704) 839-2321, Monday through Friday from 9 a.m. to 6 p.m. EST. We’re also available through 24/7 email support (support@expresstaxextension.com), and live chat (www.expresstaxexempt.com).

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