IRS ADVISES

EXEMPT
ORGANIZATIONS
TO FILE FORM 990
ELECTRONICALLY
@Express990Tax
POWERED BY : EXPRESS990.COM
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
WHICH IRS FORM TO
FILE 990?
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 FORMS 990-N
& 990-EZ
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!
@Express990Tax CLICK HERE TO E-FILE 990
501(C)(3)
ORGANIZATION
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.
@Express990Tax CLICK HERE TO E-FILE 990
TAX EXTENSIONS FOR
CHARITIES & NON-PROFITS
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.
@Express990Tax CLICK HERE TO E-FILE 990
ANNUAL EXEMPT
ORGANIZATION PENALTIES
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.
@Express990Tax CLICK HERE TO E-FILE 990
EXEMPT ORGANIZATION
RETURN: DUE DATE
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.
@Express990Tax CLICK HERE TO E-FILE 990
POPULAR BLOG LINKS
How To Recover Payments Due to IRS Penalties
Form 990-EZ: Schedules and Attachments
Reasons for Form 990 E-File Rejection
All About the EO Select Check
Understanding Your CP259E Notice
@Express990Tax CLICK HERE TO E-FILE 990
QUESTIONS AND COMMENTS
@Express990Tax CLICK HERE TO E-FILE 990
Express990
157 E Main St #200,
Rock Hill, SC 29730
WEBSITE: http://www.express990.com/
BLOG: http://blog.express990.com/

Phone: 704.839.2321
Email: support@express990.com