#990 PF DUE DATE 2021 PROFESSIONAL#

Even if you have obtained a filing extension, any tax due on an IRS Form 990-T is due on the original filing deadline, and the IRS imposes penalties and interest on the failure to timely pay the tax.If you need another extension, submit it in advance so that if it is not approved, you can still file a timely return. The first 3-month extension is granted automatically.

#990 PF DUE DATE 2021 PROFESSIONAL#

We recommend you work with a tax professional or nonprofit lawyer to help enter your organization into the e-Postcard filing system.

If your organization is a newly formed entity and its IRS Form 1023 application is pending with the IRS, your organization still must meet the applicable filing requirements.

NOTE: Organizations may not request an extension to file the e-Postcard.

With very few exceptions, most small tax-exempt organizations with gross receipts that are normally $50,000 or less (the threshold was $25,000 for tax years ending on or after Decemand before December 31, 2010) must file the IRS Form 990-N (e-Postcard).

Even if your organization is not required to apply to the IRS for tax-exempt status (for example, if it is a “self-declared” 501(c)(4), 501(c)(5) or 501(c)(6) tax-exempt organization), your organization still has an obligation to meet these annual filing requirements.

This rule doesn’t just affect small start-ups that fail to file the e-Postcard (see the third bullet point below) it can affect organizations with more complex organizational structures, too!

If your organization fails to file its annual return for three consecutive years, your organization will automatically lose its federal tax-exempt status.

Here are a few other annual filing reminders and traps for the unwary that we have gleaned through our experiences as legal counsel for nonprofit organizations. Click here if you want to sign up to receive the IRS’s Exempt Organization Updates. Click here for a chart of IRS exempt organization annual return due dates and extension dates. Click here for more details on the IRS Website about the various filing requirements for tax-exempt organizations. Organizations may apply for a three month extension by filing IRS Form 8868, Application for Extension of Time To File an Exempt Organization Return, before the due date. For example, if the organization has a fiscal year end of December 31, the return is due on May 15 and if the organization has a fiscal year end of June 30, the return is due on November 15. An organization’s return is due on the 15th day of the 5th month after the end of the organization’s fiscal year.

Almost all tax-exempt organizations must file annual returns (IRS Form 990, Form 990-EZ, Form 990-N, or 990-PF, as applicable) with the IRS.

990 pf due date 2021