How to Electronically File a Form 990 Return
Tax-exempt organizations must electronically file 990 series tax returns. Here’s everything you need to know about Form 990 and electronic filing.
What is a 990 Return?
Before discussing how to complete your 990 return, it’s essential to understand what’s the purpose of the 990 return, what are all the variants of 990 forms available, and what are all other supporting forms the nonprofits should be aware of.
990 series returns are annually filed by tax-exempt organizations after the end of their tax period. The returns provide the IRS and the public with information about the organization’s financial activities. It is important for organizations to share this information to ensure their tax-exempt status is not being abused.
There are different types of 990 series returns. Organizations choose which form to file based on their gross receipts and the type of organization they are.
- Form 990-N – Filed by organizations with gross receipts of less than or equal to $50,000
- Form 990-EZ – Filed by organizations with gross receipts less than $200,000 or total assets less than $500,000
- Form 990 – Filed by organizations with gross receipts greater than or equal to $200,000 or total assets greater than or equal to $500,000
- Form 990-PF – Filed by private foundations
- Form 990-T – Filed by tax-exempt organizations that have a gross income of $1,000 or more from unrelated businesses
Tax 990 supports the e-filing of all these forms. Also, our system will auto-include the applicable 990 Schedules based on the data you enter.
How do I E-file my 990 Return?
To file your 990 return electronically, you need to make sure that you choose the ideal e-file provider. No worries, Tax 990 is already here for you!
Electronic filing sounds difficult, but with Tax 990, every step of the process is clearly defined. Here are the steps to complete your 990 return:
1. Add Organization Details
Just enter your EIN, and our system will automatically import the required details about your organization from the IRS. You can also enter your organization’s details manually.
2. Select the Tax Year and Form
With Tax 990, you can complete the filing for the current and prior tax years. So, choose the tax year for which you are required to file, select the Form, and continue.
3. Enter the Required Form Data
Our software offers you two different filing options – Form-based and Interview-Style. Choose one at your convenience and provide the required form data.
4. Review and Edit the Form Data if Required.
Review your form summary and make changes if required. You can also share the completed form with your organization members for review and approval.
5. Transmit the Form to the IRS.
Once reviewed, you can transmit the form to the IRS. You can opt to receive instant IRS status of your form via email and text notifications.
E-file Your Nonprofit Tax Return Effortlessly with Tax 990!
Tax 990 includes many unique features to enhance your user experience, including live support in the form of chat, email, or phone and an Internal Audit system that checks your form for IRS errors.
Tax 990 provides its customers with Real-time updates on their forms through email and/or text notifications and uses cloud-based software to securely store your information. Our website also includes a variety of how-to and informational videos and blogs.
Are you ready to start filing your organization’s 990 return? Create your free account with Tax 990 today!
