Extended Your 990 Forms Deadline to November 15? Here’s What You Need to Know

You have extended your Form 990 deadline to November 15, it’s time to file your Form 990. TaxZerone is here to simplify your nonprofit’s filing process. We’re committed to making your 990 Form submission smooth and stress-free so that you can focus on your organization’s mission.

Nonprofits like yours still have to file an annual tax return using IRS Form 990 to maintain tax-exempt status.

What is Form 990?

Form 990 is an IRS form that nonprofit organizations, including 501(c)(3) entities, use to report their financial activities and maintain transparency. It covers revenue, expenses, and governance. Filing accurately is crucial for tax-exempt status.

Why Form 990 Matters

Form 990 serves multiple purposes:

• It helps the IRS ensure your organization adheres to the tax laws governing nonprofits.
• It maintains transparency for donors, granting agencies, and the public by outlining how your funds are used.
• Failure to file on time could result in penalties or jeopardize your tax-exempt status.

Which 990 Form should I file?

Choose the correct form by evaluating your nonprofit’s financials!

• Form 990: For organizations with gross receipts over $200,000 or total assets exceeding $500,000.
• Form 990-EZ: A shorter version for organizations with gross receipts under $200,000 and total assets under $500,000.

What Is the Deadline for Filing Form 990?

The deadline for Form 990 is the 15th day of the 5th month after the end of your organization’s fiscal year. For those with extended deadlines, such as many nonprofits that have received a six-month extension to November 15, now is the time to prepare and file your form.

Note: If you’ve extended your filing, the deadline is November 15. Without an extension, it’s typically May 15 for calendar-year organizations.

What Happens if My Form 990 Is Not Filed on Time?

Consequences of Not Filing Form 990 on Time	Details
Daily Penalty	You may face a $20 penalty per day, up to $12,000 or 5% of your organization’s gross receipts for the year.
Higher Gross Receipts	If your gross receipts exceed $1,208,500, the penalty increases to $120 per day, with a maximum of $60,000 for one return.
Incomplete or Incorrect Returns	Filing an incomplete return can also result in penalties.
IRS Notification	If the IRS finds your return incomplete, they’ll give you a fixed time to correct it. After that, responsible individuals may face a $10 daily penalty, up to $6,000.
Serious Consequences	There are additional fines and possible imprisonment for willfully not filing or for filing fraudulent returns.

^{Note: Any organization that fails to submit its required return (Form 990, Form 990-EZ, Form 990-PF) or e-Postcard (Form 990-N) for three years will automatically lose its tax-exempt status.}

E-file With TaxZerone

Why choose TaxZerone for your e-filing? Our platform is specifically designed to simplify the Form 990 process. 

• Accurate Filing: Our easy-to-use software reduces errors, helping you file correctly.

• Fast IRS Approval: Quick processing so you can focus on your mission.
  
  
• Access Free Schedules: TaxZerone supports various 990 schedules for FREE! These schedules will be auto-generated as you file your form, saving time and effort.
  
  
• Expert Support at Your Fingertips: Need assistance? TaxZerone’s dedicated team is here to help. Whether you have questions or need guidance, contact us anytime! 
  

Learn step-by-step how to file Form 990 with TaxZerone! We make the e-filing process straightforward and user-friendly!

Let’s Get Started Today!

TaxZerone makes it easy to take action if you’ve extended your Form 990 filing to November 15. Filing your IRS Form 990 with us is fast, reliable, and stress-free!

Join countless other nonprofits who have chosen TaxZerone for their e-filing needs. Don’t leave your organization’s future to chance—file with us and ensure compliance year after year.