Exempt Organizations Need To File IRS 990 With ExpressTaxExempt

We think it’s pretty safe to say that there’s no place like home.

If you filed IRS Form 990 within the past year, you became familiar with our sister product TaxBandits, which helps exempt organizations tackle the world of compliance beyond IRS 990 forms.

After much consideration and feedback from awesome clients like yourself, we have decided to relaunch ExpressTaxExempt as the reigning hub for “all things 990!”

No need to worry–if you enjoyed all of the bells and whistles of TaxBandits, you can still e-file your nonprofit tax reports in the same place as you can your W-2, 1099, and even your quarterly Form 941.

Our mission at ExpressTaxExempt will always be to keep your organization compliant and exempt from taxes with simplified e-filing.

Instead of navigating through several websites for the tax-exempt forms you need, we’ve consolidated all our resources under one name and brand. Our service is dedicated to providing the best and most efficient e-filing experience for tax-exempt organizations, no matter how big or small.

Your account information will remain the same for both ExpressTaxExempt and TaxBandits, so there’s no need to worry about creating a new account and remember yet another complicated password.

Best of all, we now offer special bundled pricing which allows you to save 5% when you bundle your Form 990 filing with your 8868 Extension Form. Check out the new pricing, here.

Now that ExpressTaxExempt is back up and running like never before, come on back home and visit our website to get an early start on your IRS Form 990.

Welcome Home!

Read More »

How To Appeal To Millennials And Get The Best Results

Millennials seem to be the “hot topic” for many of today’s conversations. Society is constantly trying to figure us out and come up with a way to connect with us. As a millennial who is involved in the nonprofit sector, I have noticed that many organizations struggle to attract and maintain millennials on a long-term basis for donating their time and/or money.

Since we aim to help organizations like yours, today we will learn how to appeal to millennials and get the best results.

How To Appeal To Millennials And Get The Best Results

Build Trust...Then Make The Impact

Trust is a MAJOR thing when it comes to millennials! If we don’t trust you, forget about us donating to your cause.

We don’t care for fake news. 👀 It is best, to be honest with us and state the facts because we tend to do our research. Before we donate to an organization, we will run it by our family and friends, see what others have to say about it, and then give our support. Focus your marketing efforts on building trust and use conversational language so we can connect with you.

Tip: Show examples of the awesome work your organization does for the community and/or around the world, so we know where and what the money we donate go towards.

Maintain a Relationship Through Social Media

The social media trend is still alive and well. Millions of millennials stay connected and become aware of organizations through social media outlets. Once you’ve gained our trust, maintain a relationship with us (outside of the typical monthly newsletter or annual report). Make it possible for us to stay up to date with your organization’s social media pages or through your weekly blog(s).

Tip: Focus on only one or two social channels and two to four blog posts per month. It’s better to do less and do it well than to spread yourself too thin.

Update Your Website

Let’s admit it; there is nothing worse than clicking on a website that takes forever to load or looks like it hasn’t been touched since millennials were born. *laughing emoji* Invest in a modern and reliable website and update it frequently with news about to your organization. Also, include an online giving tab that allows potential donors to donate to your cause conveniently.

Tip:  Check out The Best Way To Encourage Online Giving to learn more about attracting more online givers.

Take advantage of simple, yet impactful tips and receive a fresh wind of new volunteers and donors that will help support the great cause your organization makes each day/week/year. As you make a difference in the lives of those you touch, don’t forget to file your annual Form 990 with ExpressTaxExempt and stay compliant with the IRS.

Get Started Today!

Read More »

New Schedule A Features Just in Time For The May 15 Deadline

Organizations that operate on a calendar tax year (January - December) have a major tax filing deadline coming up on May 15th. If you have filed a Form 990 or Form 990-EZ before, you know that there are “Schedules” that are attached to your return which provides necessary additional information regarding your organization.

There are a total of 24 Schedules between Form 990 & 990-EZ; today we will focus on the most commonly filed Schedule (Schedule A) and its newly developed features with our sister product TaxBandits. Here’s what you need to know about new Schedule A features just in time for the May 15 deadline.

New Schedule A Features Just In Time For The May 15 Deadline

TaxBandits makes the e-filing process easier for all of our clients by automatically generating Schedule A once you provide answers to prompted questions when preparing your Form with our software.  

Well, we have talked about it enough, so let’s dive into the world of Schedule A. 

What is Schedule A?

Schedule A is used by tax-exempt organizations or any organization that files Form 990/990-EZ to provide information about its public charity status and public support. This Schedule allows your organization to explain its program services and give its mission statement or other descriptions of its charitable goals. 

Essentially, any non-profit that is supported by the public must file this Schedule along with their Form 990. 

Filing Schedule with TaxBandits

Filing Schedule A can be rather time-consuming and intimidating; but not when you easily file with TaxBandits! TaxBandits’ comprehensive software offers a simplified filing process that can be completed quickly, efficiently, and correctly the first time. 

When filing Schedule A with TaxBandits you can eliminate the guessing game of whether or not you passed or failed the public support test. Our built-in audit feature lets you know before you transmit. 

Other newly developed features now allow filers to simply enter contribution totals instead of individual contributions and determines the exact figures for Public Support based on answers provided to our prompted questions during the filing process. 

Best of all, current ExpressTaxExempt and TaxBandits users now have the ability to copy standard information from their previous year return to the current year; saving a great deal of time from the standard filing process.

As the big nonprofit Form 990 filing deadline quickly approaches on May 15th, take advantage of the convenient e-filing process that TaxBandits offers. Our newly developed features for filing Schedule A are sure to make your filing experience pleasant and stress-free.

Get a Head Start on Schedule A Today!

Read More »

What Nonprofits Need To Know About the Form 941 Deadline

Does your tax-exempt organization employ certain individuals to help carry out the mission of your group? If so, as an employer you are required to file Form 941 with the IRS quarterly.

ExpressTaxExempt is here to help your organization grow and flourish so we have gathered some important information regarding what nonprofit organizations need to know about the Form 941 deadline:

What is Form 941 & When is it Due? 

Also known as the Employer’s Quarterly Tax Return, Form 941 is used to report employment taxes quarterly and assists with calculating the employer’s portion of Social Security and Medicare tax.

The first quarter deadline for this year is April 30 and covers the months of January, February, and March.

If you do not file Form 941 by April 30, 2018, your organization could find itself responsible for paying Form 941 Penalties to the IRS. Avoid IRS penalties by e-filing Form 941 with ExpressTaxExempt’s sister product, TaxBandits.

E-File Form 941 Before The Deadline

While most people believe that filing taxes is a headache and takes all day and night to complete, our sister product TaxBandits eliminates that. Filing Form 941 with TaxBandits only requires two major pieces of information: Employer and Employment Details.

Employer Details

• Name of Employer
• Employer Identification Number (EIN)
• Address

Employment Details

• Employee Count
• Medicare Tax & Social Security
• Deposit Made to the IRS
• Tax Liability (Monthly/Semiweekly)
• Signing Authority Information
• Online Signature PIN or Form 8453-EMP

Once you have submitted this information, all that is left to do is review the completed form, pay a small, affordable price per form, and transmit directly to the IRS. Just like that, you have avoided IRS penalties form 941 and compliance issues! 

File With TaxBandits and Stay Tax Compliant with the IRS

There are many components to running your organization and we want to help make handling tax filings one component that you don’t have to be stressed over. 

TaxBandits, a sister product to ExpressTaxExempt, is an industry leader for online tax preparation and tax filings which offers accurate and efficient e-filing at prices that can’t be beaten! Visit their website today to find out more information about Form 941 and the other services that TaxBandits offer.

Read More »

Is My Nonprofit Responsible For Filing 1099 Forms?

If nonprofit organizations are exempt from taxes, are they responsible for filing 1099 forms?

Has this question ever crossed your mind?

Nonprofit organizations are exempt from a lot, but filing 1099 Forms are not one of them.

Used by business owners to report non-employee compensation of $600 or more to an independent contractor, nonprofit organizations also utilize 1099 Forms to report prizes, awards, and additional payments.

What is a Form 1099-MISC and When Is It Due?

Before you try to rush and research tons of information on 1099 Forms, ExpressTaxExempt is here to help you and give you all of the information that you need. So let’s get to it:

The original due date for reporting nonemployee compensation was January 31, 2018. However, the other types of payments reported in Box 7 of a 1099 Form must be e-filed by Monday, April 2nd to include the following payments:

• Prizes and Awards (for non-employees)
• Professional Service Fees 
• Attorney, Accountant, Architect, or Engineer Fees
• Fees paid by one professional to another (fee-splitting or referral fees)
• Taxable fringe benefits
• Payments to an insurance salesperson, and more. 

Form 1099 Series (MISC, INT, DIV, R, S, B) forms must be e-filed with the IRS by Monday, April 2nd.

How Can I File By The Deadline?

With Easter right around the corner and so many opportunities to serve your community this season, I am pretty sure the last thing on your to-do list is filing your taxes.

Luckily, our sister product allows you to file your 1099 Form so quick that you don’t have to worry about missing the deadline!

Steps to file Form 1099 are as follows:

• Create or sign in to your TaxBandits account
• Select "Form 1099-MISC"
• Enter payer details (name, EIN, address)
• Enter recipient details (name, SSN/EIN, address)
• Enter federal details for miscellaneous income
• Enter state information and state taxes withheld for each applicable state
• Choose for the form to be mailed to the recipient
• Review, pay and transmit return directly to the IRS

Information Needed To File Form 1099

You will only need four categories of information to file Form 1099 correctly:

1. Payer Details: Name, EIN, and Address
2. Recipient Details: Name, EIN/Social Security, and Address
3. Federal Details: Miscellaneous Incomes and Federal Tax Withheld
4. State Filing Details: State Income, Payer State Number, and State Tax Withheld

What Matters Most

You are working hard to improve your community health and well-being, don’t let taxes hold you back.

For all that you do, we make keeping your exempt status easy! File your 1099 Forms with TaxBandits and get back to helping others. 

Read More »

How To Be A Winner On Deadline Day

This is a guest blog post from our sister product, TaxBandits; another great tax filing solution for nonprofits and small businesses.  

Exempt organizations with a fiscal tax year that ended on October 31, 2017, are required to file a Form 990 by today, March 15.

 
If this deadline applies to you and you just realized that your tax exempt organization’s Form 990 is due today, your heart may have just skipped a beat.  

Before you have a breakdown or panic attack, we have some good news for you!

TaxBandits has the best solution for your last minute tax filing needs.

Being a winner on deadline day is easy when you file with TaxBandits. We’ll show you how to successfully e-file your 990 forms at the last minute like a champ!

If your organization is required to handle 990 e-filing by March 15 and you are running out of time, your best bet is to file your appropriate 990 Form with TaxBandits quickly or simply file Form 8868 for an extension of time to file. 

 
Both forms are due by midnight so let’s make a deal--Form 990 or Extension Form 8868?

Let’s Make A Deal: How To Be A Winner on Deadline Day

Before we reveal the grand prize let’s discuss the difference between both forms to determine the best option for you.

Form 990 Series

There are four variations of Form 990 included in the Form 990 Series. Each form provides information on specific types of exempt organizations:

Form 990

Filed by organizations with gross receipts more than or equal to $200,000 or total assets equal to or greater than $500,000.

Form 990-EZ

The Short Form Return of Organization Exempt From Income Tax filed by organizations with gross receipts less than $200,000 and $500,000 in total assets.

Form 990-N

Organizations with gross receipts that are less than or equal to $50,000 file this form electronically.

Form 990-PF

Filed by Exempt & Taxable Private Foundations as well as Non-Exempt Charitable Trusts which the IRS treat as private foundations.

Get More Time To File

If you need more time to file Form 990, that’s okay! Wouldn’t it be nice to have more time make sure all your “I’s” were dotted and “T’s” crossed before filing? Well, you’re in luck because you can 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.

Late Filing IRS Penalties for Form 990

Failing to file Form 990 or Form 8868 will result in major IRS penalties, depending on the size of your organization.

If your gross receipts are less than $1,000,000 for the tax year, you will be fined $20 per day with a maximum penalty of $10,000 or 5% of your organization’s gross receipts depending on which is amount is greater.

If your gross receipts exceed $1,000,000 the IRS penalty increases to $100 per day with a maximum fee of $50,000.

It’s Game Time...Let’s Make A Deal!

Although tax filing matters are not a game, TaxBandits specializes in offering resources to our users in an enjoyable way to help make tax filing simple and stress-free.

With the help of TaxBandits, you don’t have to worry about missing your Form 990 deadline because of our interview style e-filing process and tax software that will help you complete your federal tax return and instantly transmit it directly to the IRS in no time.

All you have to do is 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. Complete the entire process in 5 simple steps!

Filing Extension Form 8868 is even easier! Before you know it, you will have extra time to file your Form 990 and maintain tax-exempt status. 

And The Winner Is...

GIF via GIPHY

You get a deal...and you get a deal...EVERYBODY GETS A DEAL!!

Luckily, this game is setup for a “win-win.” You can either easily e-file Form 990 today and stay compliant with the IRS or file an extension and get extra time to handle your tax filings. Either way, YOU WIN!

So head on over to TaxBandits and accept your grand prize for the March 15 deadline.

Read More »

Don't Forget About The February 15 Deadline

The February 15th filing deadline is here!

Hopefully you enjoyed some beautiful flowers, edible arrangements, or received heartfelt cards and gifts yesterday for Valentine's Day.

While the bliss of Valentine's Day lingers, there's a major tax filing deadline for tax exempt organizations that must be handled today.

Don't Let Cupid Make You Forget About the February 15th Tax Deadline

What is a Form 990? 

Form 990 is an informational tax form provided through the IRS that is filed annually by most tax-exempt organizations and used to give the IRS a detailed snapshot of the activities, finances, and governing body of an organization.

There’s even a section on the Form that allows organizations to list its accomplishments over the previous year to justify its continuous need for tax exemption.

The deadline to e-file Form 990 Series varies. 

Your due date is dependent upon the type of tax year in which the organization operates – calendar tax year or fiscal tax year.

Organizations that operate on a calendar tax year (January – December) have an annual filing deadline of May 15.

Fiscal tax year organizations whose tax year consists of 12 consecutive months and ends any month besides December, have a deadline on a different month. 

Does My Organization Need To File Today?

If you’re wondering if your organization needs to file by the February 15th deadline, you need to know this…two types of organizations required to file include:

• Organizations whose fiscal tax year begins on October 1 and ends on September 30 are required to file Form 990 by the February 15th tax deadline, and 
• Organizations with a tax year which ended on March 31 with an original filing date of August 15 but filed a 6 month extension.

Your organization can easily meet the February 15th tax deadline by e-filing

IRS Form 990 with ExpressTaxExempt!

Which Form in the 990 Series Should I File?

There are a few options when it comes to which form to file in the 990 Series.

Let’s be honest here, there’s nothing worse than being stressed out during tax time and not knowing which form to file for your organization.

You don’t want to ask your peers because they may question your capability to file accurately.

And you definitely don’t want the Board of Directors giving you a side eye the next time you meet.

ExpressTaxExempt alleviates the worry and concern of missing the 990 deadline or even filing incorrect information by providing you with all of the tools and forms that you’ll need to file properly.

Here’s everything you need to know about the Form 990 Series:

Form 990-N (e-Postcard)

Form 990-N (e-Postcard) is filed by tax exempt organizations with gross receipts less than or equal to $50,000. 

Form 990-EZ

Tax exempt organizations with gross receipts that come to less than $200,000 and $500,000 in total assets file Form 990-EZ. 

Form 990

Typically filed by tax exempt organizations with more than or equal to $200,000 in gross receipts or total assets more than or equal to $500,000.

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. 

Each of these forms can be completed with the simplified filing process of ExpressTaxBandits. Are you swamped with work and just don't have time to file today? No problem. Just take a few moments to file Extension Form 8868 and receive an automatic filing extension of 6 months to file your return! 

Keep Your Tax Exempt Status Through ExpressTaxExempt

We know of the perfect way to maintain tax exempt status for your organization.

You guessed it...just file with TaxBandits! We offer easy e-filing for 990 Forms so you can quickly file the correct 990 Form for your organization.

Follow the simple step-by-step guide to create your free account, and enter basic information about your organization.

After completing the form interview, review your information and audit report, pay for your form, and transmit it directly to the IRS.

Complete the entire process in 5 simple steps!

We have countless success stories for last minute filing. Don’t hesitate any longer. File today. 

Read More »

New Product Perfect for Exempt Organizations Officially Launches

There’s a new product on the block that your organization can benefit from greatly!

Today our parent company SPAN Enterprises officially launched its latest product, TaxBandits. 

TaxBandits is the ultimate e-filing solution for small businesses and nonprofit organizations. Offering the most simplified and streamlined, interview-style e-filing process, TaxBandits helps to keep you moving in the right direction. 

Helping you and your organization achieve greatness, TaxBandits provides necessary IRS forms at your fingertips. 

The following tax forms can be filed on one website to accommodate the needs of all of our clients:

Form 990 Series: Form 990-N, Form 990-EZ, Form 990, Form 990-PF, Form 1120-POL, and Form 8868.

Form 94x Series: Form 941, Form 941-PR, Form 941-SS, and Form 941 Schedule R

Form 1099 Series: Form 1099-MISC, Form 1099-INT, Form 1099-DIV, Form 1099-R, Form 1099-S, Form 1099-B, Form 8809, and Form 1099-Correction

W-2 Forms: Form W-2 and Form W-2c

ACA Forms: Form 1095-B, 1095-C, 1094-B, and 1094-C

Extensions: Form 8809 and Form 8868

Exempt Organizations & TaxBandits

Tax exempt organizations will benefit greatly from the convenience of TaxBandits. Whether you have to handle annual Form 990 filing for your organization or need to submit Form 1099 or Form W-2 information for its employees, the comprehensive TaxBandits software covers it all! 

The TaxBandits Experience

TaxBandits believes that while taxes can be complicated, solid research paired with great customer service, along with accurate and efficient software, your tax filing experience will be much easier.

Our U.S.-based customer support team assures that we will answer your call faster than the IRS. TaxBandits constantly strives to lead its clients as a compassionate resource, guiding you through complicated tax matters and making the e-filing experience as accurate and efficient as possible.

E-file My 2018 Employment Tax Forms

TaxBandits For You! Quick & Easy Online Tax Preparation

Contact Us

Feel free to contact us with any questions that you may have. Phone support is available Monday through Friday, 9:00 a.m. to 6:00 p.m. EST at (704) 684-4751. Reach us 24/7 via email support at support@TaxBandits.com or by Live Chat and we will give a speedy response.

Read More »