Express990 eliminates questions, calculations, and long IRS forms, allowing organizations to complete their 990 through a simple question and answer format.
Rock Hill, South Carolina (PRWEB) May 13, 2015
The IRS filing deadline for most tax-exempt organizations is May 15th. All tax-exempt organizations who operate using the calendar year as their fiscal year must e-file the Form 990, 990-EZ, 990-N or use the Extension Form 8868 to extend the May deadline by 3 months at http://Express990.com.
Form 990 must be filed by an organization exempt from income tax under section 501(a) (including an organization that has not applied for recognition of exemption) if it has either the gross receipts greater than or equal to $200,000 or total assets greater than or equal to $500,000 at the end of the tax year. Gross receipts are the total amount the organization received from all sources during its tax year, without subtracting any costs or expenses.
The Form 990-EZ is an annual information return required to be filed with the IRS by many organizations exempt from income tax under section 501(a), and certain political organizations and nonexempt charitable trusts. If an organization has gross receipts less than $200,000 and total assets at the end of the year less than $500,000, it can file Form 990-EZ, instead of Form 990.
For smaller organizations with $50,000 or less in gross receipts, the Form 990-N (e-Postcard) can be e-filed. Express990 offers this small and simple form at no cost for the tax year of 2014. The 990-N can even be e-filed for previous years; Express990 provides the 990-N for previous tax years 2013 and 2012. The Form 990-N is a maximum of 8 steps, including information about the organization, the principal officer, and a confirmation of gross receipts under $50,000. Express990 eliminates questions, calculations, and long IRS forms, allowing organizations to complete their 990-N through a simple question and answer format.
Form 8868 - Application for Extension of Time to File an Exempt Organization Return:
If an organization is not able to complete the entire Form 990 before the Tax Deadline ends, it is not too late to e-file an extension. Tax Exempt entities can receive a 3-month extension by e-filing the Form 8868 - Exempt Organization Tax Extension with Express990.com.
Tax-exempt organizations face penalties for failure to file, failure to pay, and even revocation of their exempt status. By e-filing Form 8868, this will automatically provide an extra 3 months to file, certainly some well-needed breathing room. Be forewarned, this extension is for time to file, not time to pay. To learn more about the Form 990, visit http://www.express990.com/forms-990/form-990/.
Express990.com offers unmatched customer support via phone, email, and online chat from their headquarters in Rock Hill, SC. Contact the US-based Express990 Support Team for assistance via phone: 704.839.2321 or email: support(at)express990(dot)com.