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Showing posts with label taxextension. Show all posts
Showing posts with label taxextension. Show all posts

E-file Tax-Exempt Returns from Anywhere!

E-file Tax-Exempt Returns from Anywhere
E-file Tax-Exempt Returns from Anywhere
For those of you running small exempt organizations, you know that you’re required to file an annual tax return with IRS. Even if your nonprofit or charity brought in little or no money for the filing year, you still need to report that fact to the federal government.

Filing for tax-exempt organizations can take a lot of time and paperwork - or it used to. If your tax-exempt group makes less than $50,000 a year, you can now e-file your tax return in minutes with ExpressTaxExempt.com. And the best part - you don’t need to be anywhere near a desk or computer at all!

ExpressTaxExempt - Form 990-N App
With this FREE downloadable mobile app, you can e-file IRS Form 990-N (e-Postcard) at anytime and anywhere from your favorite iOS or Android devices and handsets. Complete the entire filing process in less than 10 minutes - all you need is your basic organization details, tax year period, and confirmation of $50,000 or less in gross receipts.

Your form is checked for any errors before you submit to the IRS, and you’ll receive an email confirmation of approval soon after transmitting your form. The information goes directly to the IRS and nowhere else. If your return gets rejected, the app identifies the mistake so you can correct it and resend with no additional charges.

ExpressTaxExempt - Form 8868 App
For other exempt organizations with gross receipts over $50,000, and you need more time to file your IRS Form 990 or 990-EZ, you can also e-file the IRS Form 8868 tax extension at your convenience from iOS and Android tablets.

You can e-file your extension in just minutes with your organization’s basic information and tax year period - you’ll also need to select which IRS form you typically file for your tax-exempt group. Like the 990-N mobile app, your return gets scanned for any mistakes, and you gain access to PDF copies of your transmitted tax form.

We’re here to offer you the easiest, most streamlined filing experience so you can stay compliant with the IRS and quickly get back to running your organization smoothly. Contact us at 704.839.2321 for any questions or help e-filing to the IRS. We’re also available 24/7 with support@ExpressTaxExempt.com.


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REMINDER!! Final IRS Deadline for the Year!

We’re in the last three months of the year. And just like every year, the final extended deadline for exempt organizations rolls around like clockwork.

For nonprofits and charities who filed extensions throughout the year, you still have a little over a month to file your tax return before November 15.

Which Organizations Must File?
Not every tax-exempt organization has the same final deadline - it depends on your tax year period and which forms you submitted during various due dates. Your exempt organization is required to file before November 15 if it fits each of the following criteria:
  • Operates on a Calendar Tax Year (January 1 to December 31)
  • Filed IRS Form 8868 Part I for the original May 15 deadline
  • Filed IRS Form 8868 Part II for the extended August 15 deadline

There are no other extension options after Form 8868 Part II, so you can either file on time or file late with possible IRS penalties.
Important: If November 15 is the original filing deadline for your organization, then you still have a choice of filing for an extension; however, your Fiscal Tax Year must be from July 1 to June 30.

Which Forms to File?
Exempt organizations must submit an IRS 990 form every year based on their gross receipts.

  • IRS Form 990 - Tax-exempt organizations with over $200,000 in gross receipts
  • IRS Form 990-EZ - Tax-exempt organizations with over $50,000, but less than $200,000 in gross receipts
  • IRS Form 990-N (e-Postcard) - Tax-exempt organizations with less than $50,000 in gross receipts

For the final extended deadline, you’re either filing the Form 990 or Form 990-EZ because there are no options for extending a Form 990-N (e-Postcard) filing.

IRS Penalties

If you fail to file on time, your organization could get charged $20 for each day your form is late, or a $100 daily charge if gross receipts are over $1 million. Maximum fees can reach up to $50,000 or 5% of your gross receipts.

As mentioned earlier, there are no extensions available after the November 15 deadline. If you file an incomplete form, the IRS will consider it a late return and charge penalties. If you file on time, but your form gets rejected, you have a 10-day grace period to file again.

With ExpressTaxExempt.com, our cloud-based service has everything you need to securely e-file your 990 form quickly and easily than paper filing. Let us streamline your filing experience - even if your form gets rejected, we can identify the issue, let you correct it, and re-transmit to the IRS instantly with no extra charges!

Contact our U.S. - based, e-filing experts at 704.839.2321 - Monday through Friday from 9 a.m. to 6 p.m. EST - for questions or assistance with transmitting to the IRS. We also offer email support with support@ExpressTaxExempt.com.


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ExpressTaxExempt - E-file Solutions for Exempt Organizations

No matter how you look at, running a successful nonprofit or charity organization isn’t an easy accomplishment. There are sufficient planning and organizing that goes into managing donor contributions, fundraising events, volunteers, community engagement, and a laundry list of other things designed to help reach the mission goal.

Not only that, but your organization and activities must be in compliance with the IRS to maintain exemption status. One of those regulations requires every tax-exempt organization to file a tax return each year. Here’s where the fine folks at ExpressTaxExempt.com step in to help!

With ExpressTaxExempt.com, you can transmit a complete, accurate, and secure tax return directly to the IRS quicker than paper filing. We offer various e-filing solutions for both small and large exempt organizations depending on your gross receipts.

IRS Form 990-N (e-Postcard)
For small organizations making less than $50,000 per year, you can e-file our quick and easy IRS Form 990-N (e-Postcard). In minutes, you can have your e-Postcard transmitted and approved by the IRS. You’ll only need your organization’s basic details, tax year period, and confirm the organization makes less than $50,000 - that is it, no exact amounts required.

E-file your Form 990-N (e-Postcard) for current and prior tax years starting at $9.90.

For even more convenience, download our FREE ExpressTaxExempt - Form 990-N mobile app! You can e-file for the current tax year from the palm of your hand with your iOS or Android smartphone or tablet.

IRS Form 990/990-EZ
If your organization is much larger, you’ll have to e-file either IRS Form 990 (long) or IRS Form 990-EZ. Nonprofits and charities with gross receipts over $200,000 will need the Form 990 (long), while organizations making between $50,000 and $200,000 will e-file Form 990-EZ. We also support Schedules for each form.

E-file Form 990-EZ for current and prior years starting at $129.99 or e-file Form 990 for the current and previous tax year starting at $299.95.

Need an amended return? ExpressTaxExempt.com currently supports amended returns for Form 990/990-EZ. You must have e-filed your original return with our services to successfully file an amendment.

Extension Form 8868
With everything else going on within your organization, there’s no question that you may need extra time to get all your tax information in order. With ExpressTaxExempt.com, you can also e-file IRS Form 8868 Part 1 & 2, which grants an automatic, 3-month extension or an additional, non-automatic, 3-month extension - totaling up to six months of extra time.

E-file your Extension Form 8868 for the current tax year starting at $14.95.

You don’t have to rush home to a desktop computer for a tax extension - download our FREE ExpressTaxExempt - Form 8868 mobile app for iOS or Android devices and quickly transmit your form on the go!

Important: With each of our forms, you’ll receive automatic email notifications when the IRS accepts your filing. If you get a rejected form, you’re able to make any corrections needed and re-transmit at no extra charge. We also use cloud-based technology so you won’t have to complete a filing in one sitting - exit whenever you want and continue right where you left off. And with our automated audit check, you can transmit an error-free form the first time around.

At ExpressTaxExempt.com, we’re here to help you comply with the IRS so you can get back to your organization and do the work that matters most. For any questions or assistance with the e-filing process, contact our U.S. - based customer support line at 704.839.2321, Monday through Friday from 9 a.m. to 6 p.m. EST. Email us at your convenience with support@ExpressTaxExempt.com.


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Protect your Organization from IRS Penalties!

The IRS extended deadline for exempt organizations is less than two weeks away - August 15 to be exact! If your nonprofit or charity e-filed an IRS Form 8868 back in May, then you don’t have much time to left to file and avoid penalties! Here are a few ways to prevent penalty fees with your IRS filing.

E-file Right Away
The most sure fire way to defend your exempt organization from late filing fees is to file on time with the IRS. You’ll need to complete and transmit these required forms based on specific criteria:

  • IRS Form 990 - Organizations with gross receipts larger than $200,000 and total assets greater than $500,000
  • IRS Form 990-EZ - Organizations with gross receipts between $50,000 and $200,000 and total assets less than $500,000

Double Check Information
Not only is it important to e-file on time, but you also need to make sure you’re reporting the correct information. An inaccurate form is the same as an incomplete form to the IRS, which can also lead to penalties. Make sure your basic organization information is current and accurate. And make an effort to fully complete parts I through XII of your tax form.

Also, know which schedules you need to file along with your form and complete them as accurately as possible. With ExpressTaxExempt.com, our internal audit check scans your form entirely for any errors so you can transmit with virtually no mistakes.

Extension to the Rescue
Unexpected situations happen all the time, but sometimes they can leave us in less favorable positions. If you know you can’t e-file on time, save yourself from IRS penalties by filing a tax extension. For the August 15 deadline, you have the option to e-file IRS Form 8868 Part 2 for an additional, non-automatic 3-month extension. Before you get your hopes up, you must follow these two eligibility rules:

  1. 1. E-file an approved Form 8868 Part 1 back in May
  2. 2. Provide a valid reason why you need additional time

The IRS can reject your explanation and deny your extension request, which is why this form is considered non-automatic. If you never e-filed Part 1 or got approved for it, then you are extremely late and should e-file your tax return as soon as possible.

IRS Penalties
So what are these hefty fees you’ll pay out of pocket? They can easily reach up to thousands of dollars if you’re careless. For each day your return is late, the IRS charges $20 leading up to a maximum charge of $50,000 or 5% of your total gross receipts - and that’s only if your gross receipts are less than $1 million. Larger organizations with over $1 million in gross receipts incur $100 charges per day.

With our interview-style process, ExpressTaxExempt.com guides you step by step with easy “Yes or No” questions and accessible text spaces for explanations and monetary amounts. You can complete as much or as less as you want in one sitting and continue where you left off with our cloud-based capabilities.

Contact our U.S. - based e-filing professionals for assistance with your e-filing experience. We’re available at 704.839.2321, Monday through Friday from 9 a.m. to 6 p.m. EST. You can also reach us 24/7 with support@ExpressTaxExempt.com.


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Automatic Extension Deadline is Approaching Soon!

There are only a few weeks left before the extended IRS deadline for exempt organizations. If your tax-exempt organization operates on a calendar tax year, and you filed IRS Form 8868 Part I back in May, then you have until August 15, 2016, to file your tax return on time with the IRS.

Failing to file before your extended deadline is against IRS compliance and can lead to you paying up to thousands of dollars in late filing penalties. E-filing with the IRS is easy with ExpressTaxExempt.com. And with our service, we guide you step by step throughout the entire e-filing process so you can transmit a complete, accurate, and secure tax return.

IRS Form 990/990-EZ | IRS Form 8868 Part II
For the August 15 extended deadline, you must prepare to file either Form 990 or Form 990-EZ - the one you choose depends on your exempt organization’s gross receipts. Nonprofits or charities with gross receipts greater than $200,000 are required to file IRS Form 990, while smaller organizations with gross receipts between $50,000 and $200,000 need to file IRS Form 990-EZ.

If you’re not quite ready to file before the extended deadline, you can apply for another extension. With IRS Form 8868 Part II, you can receive an additional, non-automatic 3-month extension. You'll need to provide an explanation why you need the extra time - your reasons are either approved or rejected strictly by the IRS.

ExpressTaxExempt - Form 8868 Mobile App
E-filing for another extension is convenient as ever with our FREE downloadable ExpressTaxExempt - Form 8868 mobile app for iOS and Android smartphones and tablets. In just minutes, you can transmit your extension form to the IRS and view, download, or email a copy from your account - no need to rush to a desktop computer when you can quickly e-file on the go!

Our U.S. - based, e-filing professionals in Rock Hill, South Carolina, are available to assist with your e-file experience. Feel free to contact us at 704.839.2321, Monday through Friday from 9 a.m. to 6 p.m. EST - get in touch with us 24/7 with support@ExpressTaxExempt.com.


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5 Summer Fundraising Tips for Nonprofits

We’re right in the middle of these long days of summer, and with the weather being warm, exempt organizations are becoming warmer as this season is one of the most excellent time of the year to bring in contributions for your nonprofit or charity cause.

Break from the monotony of traditional fundraising tactics and take full advantage of these summer days with even more interaction with your community. Here are five simple strategies to earn more donations by using Summer to its full potential!

Embrace the Outdoors

When you think of Summer, you think of being outside - literally; people spend a great deal of their leisure time outside during the Summer. For you, this is a perfect opportunity to construct an outdoor activity as a fundraising campaign. You can set up a lemonade or ice cream stand for donations. A more simple and quick idea could be handing out bottles of ice-cold water on a hot day at the park for a small monetary gift towards your cause.

Make a Specific Request
If you need volunteers, contributions, or whatever is necessary, make sure your “call-to-action” is clear like blue summer skies. You want to be as transparent as possible with those who are getting involved with your organization. Be open with your mission goals, the use of donations, and how people can volunteer if they want.

Work with the Community

To be for the people, it makes sense to be with the people. With the summer season, there comes summer gatherings like pool parties, sporting events, and barbecues. How about hosting a summer festival with the proceeds going towards your exempt organization? If you happen to find any other city-sponsored activities in your area, see how your organization can become a part of it and use that platform to inform people about giving towards your leading cause.

Use your Creativity
There are no limits with whatever you can come up with - you can reshape a summer chore into an opportunity to fundraise. You could organize a small group of volunteers to mow lawns or wash cars for donations. With the proper resources, you could even put together an afternoon program for children where parents can contribute for how long their child is there. The possibilities are nearly endless for those serious enough.

Enjoy Yourselves
Though the point of these suggestions is to bring in money to your exempt organization, the primary goal should always be to have fun outside and be among those within the community. Just one fun summer activity can accomplish so much and bring positive recognition to your mission - ever thought about how a water balloon fight could be a fundraiser?

Once you've gathered all your donations, be sure to visit us at ExpressTaxExempt.com so you can quickly and easily bulk upload your contributors and amounts from fundraising events - these are figures required on your IRS Form 990/990-EZ. And if you need more time file, we also offer IRS Form 8868 for automatic tax extensions.

Contact our live, US-based customer support in Rock Hill, South Carolina, for any questions or assistance with e-file your exempt organization’s tax return. We’re available Monday through Friday from 9 a.m. to 6 p.m. EST at 704.839.2321 - email us 24/7 with support@ExpressTaxExempt.com.


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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.

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