irs advice exempt organization to file form 990-n electronically
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E-Filing Tax Exempt Organization Forms with IRS is made easy with Express990. You can file Form 990-n (e-Postcard) electronically for $9.90(Prior Tax Years) and for Current tax year is totally FREE. http://www.express990.com/TRANSCRIPT
IRS ADVISES EXEMPT ORGANIZATIONS TO FILE FORM 990ELECTRONICALLY
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IRS Modernized e-File (MeF) is the name for the electronic filing system for certain tax and information returns. When a nonprofit organization e-files, it sends its information return data to IRS electronically instead of on paper forms.
E-file is faster, easier and more accurate than filing a paper return. E-file makes compliance with reporting and disclosure requirements easier by eliminating the need to make copies, assemble all of the appropriate schedules and attachments, and pay for postage.
CLICK HERE TO E-FILE 990 @Express990Tax
The 990 Series is largely dependent on the amount of gross receipts/total assets an organization has, and the type of tax-exempt section they fall under, as indicated in the chart below.
Conditions Forms to File
Gross receipts normally ≤ $50,000 Form 990-N
Gross receipts < $200,000, and Total assets < $500,000 Form 990-EZ
Gross receipts ≥ $200,000, or Total assets ≥ $500,000 Form 990
Private Foundation Form 990-PF
CLICK HERE TO E-FILE 990 @Express990Tax
E-filing has never been easier than filing with Express990.com, the industry-leading, IRS-authorized, most cost effective choice for e-filing Forms 990. Currently Express990 offers e-filing for Forms 990-N and 990-EZ, but is soon to release many more! Before now, e-filing larger 990 Series forms was impossible.
Now it's the easiest, simplest, and most cost effective way to file! Express990 offers 24/7 customer support via chat, email, and phone call from their U.S.-based customer support center in Rock Hill, SC. E-file at Express990.com today and get back to doing what you love!
@Express990TaxCLICK HERE TO E-FILE 990
To be tax-exempt under Section 501(c)(3) of the Internal Revenue Code, an organization must be organized and operated exclusively for exempt purposes set forth in Section 501(c)(3), and non of its earnings may inure (provide a benefit) to any private shareholder or individual. 501(c)(3) organizations may not participate in any form of political campaigns or lobbying.
@Express990TaxCLICK HERE TO E-FILE 990
Tax-exempt organizations may file for an extension of time to file their Forms 990 with Form 8868. Be forewarned, this is only an extension of time to file, not an extension of time to pay any taxes owed.
Those organizations filing Form 990-N may not file to have their time extended. There are two parts of the Form 8868 an automatic extension and a non-automatic extension.
Though they are both for the same amount of time, the first part, the automatic extension, does not require any explanation, while the second part, the non-automatic extension, does require some explanation as to why the organization needs a second extension of time.
@Express990TaxCLICK HERE TO E-FILE 990
The only sure-fire way to avoid penalties is to file in a timely and correct manner. Should you need more time, a Form 8868 should be filed. Unfortunately, once the deadline has been passed, penalties start to accrue immediately.
The penalty for late filing depends on an organization's gross receipts. If an organization whose gross receipts are less than $1,000,000 for its tax year files its Form 990 after the due date (including any extensions), and the organization doesn't provide reasonable cause for filing late, the Internal Revenue Service will impose a penalty of $20 per day for each day the return is late.
The maximum penalty is $10,000, or 5 percent of the organization's gross receipts, whichever is less. The penalty increases to $100 per day, up to a maximum of $50,000, for an organization whose gross receipts exceed $1,000,000.
@Express990TaxCLICK HERE TO E-FILE 990
The IRS explains, "return due dates are always on the 15th of the month. However, when the 15th of the month falls on a weekend or holiday, IRS accepts returns as timely filed if received by the next business day. This applies to extended due dates as well as original due dates".
990-N due date is dependent on your tax period. If your tax period beginning and ending dates are the same as the calendar year then your due date is May 15th. If your tax period beginning and ending dates are not the same as the calendar year, then your due date will be different. The IRS has published a schedule of the 990 filing deadline according to your tax period. The Form 990 filing schedule shows when your e-Postcard is due, as well as, the new deadline if you file for an extension.
@Express990TaxCLICK HERE TO E-FILE 990
How To Recover Payments Due to IRS Penalties
Form 990-EZ: Schedules and Attachments
Reasons for Form 990 E-File Rejection
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@Express990TaxCLICK HERE TO E-FILE 990
@Express990TaxCLICK HERE TO E-FILE 990
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