New Tax Day Deadline Released After IRS System Crash

Well, well, well. It looks like Christmas came even earlier this year. The IRS announced yesterday evening that they are providing taxpayers an additional day to file and pay their taxes following issues with their payment system that surfaced on the original April 17 tax deadline.

Individuals and businesses with a filing or payment deadline originally due on Tuesday, April 17th, 2018 now have until midnight Wednesday.

The IRS Delays Tax Deadline Following Technology Collapse 

All taxpayers now have until Wednesday, April 18th, 2018 as the official last day to file taxes without penalty. This is following the agency’s system crash for electronically filing returns during the originally scheduled Tax Day deadline. 

While the IRS’s electronic filing system came back online Tuesday evening, the direct tax payment system used by IRS-authorized third-party providers is still not going through. However, this will be resolved by today, April 18th and extended tax services have been offered. 

“This is the busiest tax day of the year, and the IRS apologizes for the inconvenience this system issue caused for taxpayers,” said Acting IRS Commissioner David Kautter. “The IRS appreciates everyone’s patience during this period. The extra time will help taxpayers affected by this situation.”

The IRS is also advising taxpayers to file income tax extension Form 4868 for personal income tax returns or Form 8868 for organizations if they need more time to file. This form will give filers an additional six months.

You can file tax extension Form 8868 quickly and easily with ExpressTaxExempt. Our step-by-step filing process is equipped with built-in audits to ensure error-free filing. When you file your tax extension online, you will receive a confirmation email notifying you that your IRS extension was accepted.

File For Tax Extension 2018

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Make Your Deadline Day Historic

Do you ever wonder about major events that happened this day in history?

Remember the Ides of March? If you were Julius Caesar you might—alright, maybe not. He didn’t survive the Ides back in 44 B.C., after all. And later on this day in 1493 A.D., Christopher Columbus returns to Spain after his voyage to the New World. His paperwork must have been terrible!

Your paperwork doesn’t have to be, though. It’s time for you to make history! Today is your day—e-file your Form 990 tax exempt return with ExpressTaxExempt and make history within your organization.

What makes this historic? Well, you’ll be done in no time. Your board will be blown away by such efficiency. With our fast and easy interview style format, you simply need to enter the information and click next! We’ll do the rest on the backend of our system, and you can get back to your nonprofit’s mission.

Of course, today isn’t a deadline day for everybody. The rule states that you have a deadline the 15th day of the 5th month after your tax period ends. If you’re on a fiscal year that ended in November, you’re responsible for a return today! Of course, you can always extend your return.

Over at ExpressExtension, you can e-file Form 8868, granting your organization an automatic 3-month extension of time. After you file for the first 3 months, you can file for an additional, non-automatic 3-month extension from a previously filed Form 8868.

If you’re on a calendar tax year, don’t worry! You won’t have to deal with the tax exempt organization return and extension deadline until May 15th!

Before you can file your extension, you need:

• Your organization name
• Address
• EIN (Employer Identification Number) / FEIN
• Estimated amount of tax owed to the IRS if any
• The tax form that you normally file your income tax returns on (for example 990-EZ)

By the way, It is important that this information matches what the IRS has on your records! Accuracy is key! If you file Form 990-N (the e-Postcard), then you do not qualify for a tax exempt extension! But you can e-file FREE for the current year at ExpressTaxExempt.

Speaking of tax extensions, ExpressExtension offers personal, business, and nonprofit tax extensions that can be e-filed in moments at a great price point. No matter what you do, there’s a tax extension for you. But hurry up, March 15th is also the business tax extension deadline!

If you run into any complications with your nonprofit extensions and Form 990 series return filing, reach out to our customer support team at 704.839.2321, or by email at Support@ExpressTaxExempt.com.

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Happy Fourth of July

We, at Express990, would like to wish you a very safe and happy Independence Day!

As one of the pinnacle days of the summer season, along with the historical and cultural connotations, you should be out enjoying the fun in the sun, your day off from work, cookouts, fireworks, or however you plan on celebrating. You can trust and believe that we’ll be doing the same. So, to keep this (somewhat) short and sweet, here’s a little brief history about the Fourth of July, just to keep your knowledge in top form, followed by how Express990 can support all of your Form 990 and extension needs. Be Safe. *smiley face*

Brief History
Our nation declared its independence from Great Britain by adopting the Declaration of Independence on July 4, 1776. This declaration came about during the American Revolutionary War in which American troops were engaged in armed conflict with Great Britain about America’s right to be free from British rule.

Fun Fact: Even though the Declaration of Independence was adopted on July 4, it didn’t become official until August 2, 1776, when most of the delegates signed it.

Super brief, right? Hey, more information can be found at your local library… or Google. But you might appreciate the kiddies being at the library more. Anyway, on to the summer sweetness of e-filing your tax-exempt returns with Express990. *wink face*

Express990
Express990 supports all three 990 forms for tax-exempt returns as well as an extension.

Form 990-N (e-Postcard)
Who Needs To File: Small tax exempt organizations and charities that typically gross $50,000 or less a year must file the required 990-N (e-Postcard) to IRS every year. The only exceptions are organizations that are included in a group return, churches and their integrated auxiliaries, conventions, or associations of churches, or organizations that need to file a different return.

The Form: There is no paper form, filing is all done online, and there are schedules to complete.
Only eight pieces of information are needed to file a 990-N (e-Postcard):

• 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

With Express990: E-file your Form 990-N (e-Postcard) for the current tax year and for the two prior tax years. Use Express990 to file your 990-N for the current tax year for FREE.

Form 990-EZ
Who Needs To File: Tax-exempt organizations with gross receipts less than $200,000 and total assets less than $500,000 per year are required to file a Form 990-EZ.

The Form: Schedules are very important sections within a 990-EZ that detail information proving tax exempt status for an organization; each schedule is designed for certain activities.

With Express990: E-file your Form 990-EZ only for the current tax year and the most previous tax year.

Form 990 (990 Long)
Who Needs To File: Tax exempt organizations with gross receipts greater than or equal to $200,000 and total assets greater than or equal to $500,000 per year are required to file a Form 990.

The Form: Like the 990-EZ, a Form 990, also known as the 990 Long, is contingent on a number of disclosure and compliance requirements through various schedules.

With Express990: E-file your Form 990 ONLY for the current tax year.

Extension Form 8868
Who Needs To File: Any tax-exempt organization that needs to extend the deadline for a Form 990 or Form 990-EZ. You will need to file a Form 8868, Application for Extension of Time to File an Exempt Organization Return.

The Form: By filing a Form 8868, you can get an automatic 3-month extension of time to file. If you have already received an extension, you can file for a non-automatic extension to receive an additional three months.

With Express990: Express990 supports the Extension Form 8868 only for the current tax year and the most previous tax year.

If your organization is operating on a fiscal tax year and the deadline date falls within this month, save time and get back to the celebration by e-filing with Express990. We work with the IRS to bring you a safe, secure, and accurate e-filing process, backed by expert professionals that will save you time and money.

As a matter of fact, get back to the fun at this very minute by downloading our FREE Express990 App for iOS and Android tablet device and e-file your Form 990-N (e-Postcard) while on the move. Or use our mobile site on your smartphone to e-file a 990-N or an extension. Now go on, get out of here, enjoy the holiday! *happy face*

For any questions or assistance with our service to e-file, feel free to contact our live, expert help at our headquarters in Rock Hill, South Carolina.
Phone: (704) 839-2321 (Monday - Friday, 9am - 6pm, Eastern Standard Time)
Email: support@expresstaxexempt.com
Live Chat: www.expresstaxexempt.com

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Express990 Supports ALL Tax-Exempt 990 Forms

It’s that time of year yet again; that all-so-magical or not-so-magical time period each year where we all traditionally prepare our previous year’s financial statements and reports. Yes, ladies and gentlemen, we're talking about the annual tax season. And, whether you’ve been anticipating it or were caught by surprise, deadlines are approaching and the IRS is waiting. For tax exempt organizations, no matter what tax-exempt form you need to file, Express990 supports all Form 990 tax returns and extensions.

Form 990-N (e-Postcard)
Who Needs To File: Small tax exempt organizations and charities that typically gross $50,000 or less a year must file the required Form 990-N (e-Postcard) to IRS every year; the only exceptions are organizations that are included in a group return; churches and their integrated auxiliaries, conventions, or associations of churches; or, organizations that need to file a different return.

The Form: There is no paper form, filing is all done online, and there are no schedules to complete.
Only eight pieces of information are needed to file a 990-N (e-Postcard):

• 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

With Express990: E-File your Form 990-N (e-Postcard) for the current tax year and for the two prior tax years. Use Express990 to file your 990-N for the current tax year for FREE.

Form 990-EZ

Who Needs To File: Tax-exempt organizations with gross receipts less than $200,000 and total assets less than $500,000 per year are required to file a Form 990-EZ. 

The Form: Schedules are very important sections within a 990-EZ that detail information proving tax exempt status for an organization; each schedule is designed for certain activities.

With Express990: E-File your Form 990-EZ only for the current tax year and the most previous tax year.

Form 990 Long
Who Needs To File: Tax exempt organizations with gross receipts greater than or equal to $200,000 and total assets greater than or equal to $500,000 per year are required to file a Form 990.

The Form: Like the 990-EZ, a Form 990, also known as the 990 Long, is contingent on a number of disclosure and compliance requirements through various Schedules.

With Express990: E-File your Form 990 ONLY for the current tax year.

Extension Form 8868
Who Needs To File: Any tax-exempt organization that needs to extend the deadline for a Form 990 or Form 990-EZ, you will have to file a Form 8868, Application for Extension of Time to File an Exempt Organization Return.

The Form: By filing a Form 8868 (Part I), you can get an automatic 3-month extension of time to file. If you have already received an extension, you can file for a non-automatic extension (Part II) to receive an additional three months.

With Express990: Express990 supports the Extension Form 8868 only for the current tax year and the most previous tax year.

Remember, the deadline to file any of 990 forms or the extension is the 15th day of 5th month, after the end of your organization’s tax year. Express990 makes filing any 990 form quick and simple. For further assistance with e-filing any Form 990 or an extension, contact our live professionals by phone at 704.839.2321 or by email at support@expresstaxexempt.com.

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Top 5 Last Minute E-filing Hacks | Tax Exempt Organizations

The Exempt Income Tax Return Deadline is tomorrow! I have the best e-filing hacks so you can get through the deadline stress free (well as stress free as possible, it is an IRS deadline after all).

1. E-file your 990-N on your tablet
If your organization has gross receipts of $50,000 or less in a year, you will e-file Form 990-N. This form is free to e-file for the current tax year. You can file from any location with the Express990 App - available for Apple and Android devices.

2. Extend your deadline with Form 8868
If more time is what you need, you can e-file Form 8868 - Exempt Organization Tax Extension. This form will provide you with an automatic 3 month extension of time to file your 990 (or other form from the series). If the initial 3 months is not enough time, you can e-file Part II of Form 8868 for an additional 3 months to file. Form 8868 will not extend the deadline for Form 990-N.

3. E-file your Form 990 (long form)
Paper filing is a thing of the past for Form 990. Express990 now supports e-filing of Form 990 to save you time, paper, and a major headache. You can even e-file Fom 8868 to extend your deadline, and have more time to enjoy the ease of e-filing Form 990 with the IRS. The entire process is pretty simple and guided help prompts show you where everything goes. Contact the Express990 Support Team for more information.

4. Not sure which 990 form to file? 
Know which 990 form to file can be a little confusing; there are a lot in the series. Here is a quick and easy guide:

• Form 990-N is for organizations with gross receipts (income) of $50,000 or less in a year.
• Form 990-EZ is for organizations with gross receipts of less than $200,000 or total assets of less than $500,000.
• Form 990 (long form) is for organizations with gross receipts greater than or equal to $200,000 or total assets greater than or equal to $500,000 at the end of the tax year. 

5. Contact the Express990 Support Team

If you have a question about how to e-file Form 990, 990-N, or 990-EZ with Expres990.com, contact out Support Team. You can contact us via phone: 704-839-2321 or by email: support@expresstaxexempt.com. 

Before you start e-filing, it will benefit you greatly to have all the information ready beforehand. Remember, if you have any questions give us a call; we're here to help. 

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Tax Exempt & Nonprofit Tax Extension

Do you know the #1 reason why tax exempt organizations lose their tax exempt status? They do not file Form 990.

Side note: It is a lot easier for me to refer to both tax exempt and nonprofit organizations as simply -tax exempt. It's almost like all nonprofits are tax exempt organizations, but not all tax exempt organizations are nonprofits. Similar to all thumbs are fingers, but not all fingers are thumbs. You get what I'm saying? I believe you do, so lets get to what this blog is really about.

There are a million reasons why a tax exempt organization doesn't file their Form 990, but if this form is not filed for three consecutive years or more, tax exempt status is automatically revoked. One main reason this form is not filed is because the deadline is during a very inconvenient time and can be easily forgotten. The IRS doesn't send any notices letting you know that  your 990 is due soon, or you missed filing your 990, or if your tax exempt status has been revoked. So you really need to mark your calendar for your 990 deadline.

When is the 990 deadline?
The 990 deadline is the 15th day of the 5th month after the last day of your tax year (fiscal or calendar). For example; if your tax year ended on December 31st, then your 990 is due by May 15th of the following year.

If you need more time to file your Form 990, you can extend your deadline with Form 8868.

• You can't extend the deadline for a 990-N, but honestly the 990-N only takes a few moments to complete and can be e-file from anywhere with our 990-N App. 

Form 8868
Form 8868 is an application for extension of time to file an exempt organization return. When e-filed, it will give you an automatic 3 month extension. If you need additional time, Form 8868 can be e-filed a second time to request an added 3 months (but it's not automatic). Organizations that can file Form 8868 include: charitable organizations, churches and religious organizations, private foundations, and other nonprofits.

Form 8868 is pretty simple to complete and transmit to the IRS, and you could have your return accepted in as little as 15 minutes. This form needs to be filed by the deadline of your Form 990.

Just remember, if you are a tax exempt or nonprofit organization, you need to file a Form 990 (whether is be the 990-N, 990-EZ, 990-PF, or 990) every year. If you do not file for more than three consecutive years, your tax exempt status will be revoked. When more time is all you need to file Form 990, e-file an extension to save you from deadline stress. If you have any questions about e-filing Form 8868, don't hesitate to contact our Express990 Support team via phone: 704-839-2321 or email: support@expresstaxexempt.com

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