The June 990 deadline has arrived, and certain nonprofits must file their return today. If your organization is among those grappling with this deadline, Tax990 has your back at every step of the 990 filing process.
Here is a quick overview of what organizations need to know to start the process and file their 990 return today!
Which Organizations Have a Deadline Today?
As you may know, the IRS has specified that the 990 forms must be submitted on or before the 15th day of the 5th month following the end of the organization’s tax year.
Organizations meeting the following criteria likely have a deadline today:
- Have a fiscal tax year that began on February 1st of the previous year and ended on January 31st this year
- Obtained an extension by filing Form 8868 for their 990 deadline on December 31st of the previous year.
Choose the Right 990 Form and File it on Time!
Filing your 990 return on time is important. However, ensuring that you file the right form for your organization is equally crucial. The 990 form has different types, and each type comes with its distinct set of requirements. It’s essential to familiarize yourself with these distinctions before selecting a form for your organization.
Here is a breakdown of each 990 form type,
- Form 990-N – Applicable to organizations with gross receipts of $50,000 or less.
- Form 990-EZ – Applicable to organizations with gross receipts < $200,000 and assets < $500,000.
- Form 990 – Applicable to organizations with gross receipts of $200,000 or more (or) assets of $500,000
- Form 990-PF – Applicable to organizations classified as Private Foundations.
- Form 990-T – Applicable to organizations with unrelated business income of $1000 or more.
Simplify Tax Compliance with Tax990!
Tax990 is a one-stop solution for navigating the complexities of tax compliance, especially when facing a deadline. With features designed to streamline the filing process, Tax990 facilitates efficient filing, ensuring accuracy and compliance with the IRS filing requirements.
Here are some exclusive features we provide,
Flexible Filing Methods
Tax990 provides two filing methods for 990 submissions:
- Interview-style filing method: This approach involves answering a series of questions regarding your organization and its financial details. Our system generates your form based on your answers.
- Form-based filing method: With this approach, you can input your information manually onto a digital form. This method mirrors traditional paper forms and is suitable for experienced filers.
- Schedules are Automatically Included for Free
All necessary 990 schedules for your 990 forms are automatically included at no extra charge. Simply complete the form, and our system will include the applicable Schedules based on the information you have provided.
Internal Audit Check
Our system incorporates an internal audit check that precisely reviews your form for any errors based on the IRS instructions. If any errors are detected, you’ll promptly receive notifications and guidance on how to fix them. Once the errors are addressed, you can confidently proceed with transmitting your form to the IRS.
Free Retransmission of Rejected Returns
If the IRS rejects your 990 return, Tax990 lets you fix the errors and retransmit your returns at no additional cost.
We also provide exclusive features for tax professionals, which include:
- Staff Management – Add your team members, assign tasks, and monitor their progress.
- Client Management – File for multiple clients and obtain their approval before submission.
- E-signing Options – Get the e-sign of your clients on Form 8453-TE and 8879-TE.
There are even more features to enjoy from Tax990 – now is the time to get started! Our expert team is ready to assist you every step of the way via live chat, phone, and email. Start your 990 filing today and meet your deadline with confidence!
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