The September Form 990 deadline is here! Certain nonprofits must complete their 990 filing by the end of the day to ensure compliance with the IRS and stay tax-exempt.
Choosing an ideal e-file provider with all the essential features can significantly ease the burden of this tax filing. Here’s a quick overview of what you need to know about the September 16 deadline and how Tax990 eases out your filing process.
Which Organizations Confronts Deadline Today?
As specified by the IRS, Form 990 must be submitted on or before the 15th day of the 5th month following the end of an organization’s tax year.
For organizations whose fiscal year began on May 1 of the previous year and ended on April 30 this year, the 990 deadline is today. This also applies to organizations that obtained an extension by filing Form 8868, extending their original deadline from March 15 of the previous year.
Pick the Right 990 Form
Selecting the correct form for your organization is equally important. Each type of Form 990 has specific requirements, so it’s essential to understand these distinctions before filing. Here’s a quick breakdown:
- Form 990-N (e-Postcard): Applicable For organizations with gross receipts of $50,000 or less.
- Form 990-EZ: Applicable for organizations with gross receipts under $200,000 and total assets less than $500,000.
- Form 990: Applicable for organizations with gross receipts of $200,000 or more or total assets of $500,000 or more.
- Form 990-PF: Applicable exclusively for organizations classified as private foundations.
- Form 990-T: Applicable for organizations with unrelated business income of $1,000 or more.
In addition to these 990 forms, Tax990 supports a range of other forms you may require to file, such as CA Form 199, Form 8868, Form 1120-POL, and Form 8038-CP.
Streamlined Form 990 Reporting with Tax990!
Tax990 provides a comprehensive solution for navigating the complexities of tax compliance even when you’re on the verge of a deadline. With features designed to streamline the filing process, Tax990 ensures accuracy and compliance with IRS requirements.
Key Features of Tax990:
Flexible Filing Methods:
- Interview-Style Filing: Answer a series of questions. Based on your responses, Tax990 generates the form for you.
- Form-Based Filing: Manually input information onto a digital form that mirrors traditional paper forms, ideal for experienced filers.
Automatic Schedule Inclusion: Necessary 990 schedules are automatically included at no extra charge. Simply complete your form, and Tax990 will include applicable schedules based on the data you provided.
Internal Audit Check: Our system reviews your form for errors based on IRS instructions. You will receive notifications and guidance on fixing any detected errors, ensuring you can submit your form confidently.
Free Retransmission of Rejected Returns: If the IRS rejects your return, Tax990 allows you to correct and retransmit it at no additional cost.
Exclusive Features for Tax Professionals:
- Staff Management: Add team members, assign tasks, and track their progress.
- Client Management: File for multiple clients and obtain their approval before submission.
- E-Signing Options: Secure electronic signatures for Form 8453-TE and Form 8879-TE.
Start filing now! Our expert team is ready to assist you every step of the way via live chat, phone, and email.
Start your 990 filings now and navigate this deadline with confidence!
Leave a Reply