ROCK HILL, SC / ACCESSWIRE / April 10, 2024 / While nonprofits and tax-exempt organizations adhering to the calendar tax year are a month away from the significant 990 deadlines on May 15th, they can feel assured that they have ample time to prepare.
Conversely, several critical deadlines are approaching on April 15th for certain nonprofits and political organizations. Thankfully, with solutions like Tax990 at their disposal to streamline tax filing, organizations can navigate these deadlines with ease.
Nonprofit Tax Forms Due April 15, 2024
990 Series Forms - The 990 forms, including (Form 990-N, 990-EZ, 990-PF, and 990-T) are due for the following organizations on April 15, 2024:
Organizations whose accounting period runs between December to November.
Organizations who filed an 8868 extension for their October 17, 2023 deadline.
To avoid unnecessary penalties, it's crucial for these organizations to file the applicable 990 form by April 15th
Form 990-T - The IRS has designated the 15th day of the 4th month as the deadline for Form 990-T for the following organizations.
Employees' trusts defined in section 401(a)
IRAs (including SEPs and SIMPLEs), Roth IRAs, Coverdell ESAs, or 408(a) (Archer MSAs)
If any of these organizations follow the calendar tax year and have an unrelated business income of $1000 or more, they must file Form 990-T on or before April 15, 2024.
Form 1120-POL - The political organizations that have taxable income must file this Form 1120-POL, irrespective of their tax-exempt status.
Tax990: A Reliable Solution for Meeting the Deadline
Preparing and e-filing these forms on time is crucial for nonprofits and political organizations to ensure compliance. Tax990, a leading IRS-authorized e-file provider, provides a comprehensive e-filing solution to make the e-filing process of 990 and 1120-POL forms effortless. Here are some of the major advantages that clients can enjoy when they choose Tax990.
Intuitive Interface: Tax990 possesses a user-friendly interface, enabling its clients to prepare and transmit their forms with maximum ease and convenience.
Flexible Filing Options: Clients can choose to enter the data directly on the form (Form-based) or answer a series of questions to let Tax990 generate their form based on the answers (Interview-style).
Free Schedules: Be it a 990 return or 1120-POL, Tax990 includes all the required schedules at no additional cost. Only the filing fee of the form itself applies.
Copy Data and Bulk Upload: If clients have previously filed their 990 returns with Tax990, they can easily transfer some of that data to the current year's return. Additionally, clients can utilize the Excel templates provided to upload form data in bulk.
Internal Audit Check: Clients can verify the accuracy of their returns before transmission with the assistance of error checks built into the software.
Retransmission of Rejected Returns: In case, the returns filed by the clients got rejected, Tax990 provides them the option to fix the errors and retransmit those returns without having to pay any additional fee.
Prepaid Credits: Clients can purchase prepaid credits and get discounts, saving their time and money.
PRO Features - Exclusive for Tax Professionals
Not just for nonprofits, Tax990 serves as an ideal platform for paid preparers and EROs who manage 990 and 1120-POL filings for multiple clients.
Staff Management - Tax professionals can manage the filings easily, Tax990 provides them the option to invite their team members, assign them roles, and allow them to manage filings.
Client Management - Tax990 offers a secure portal exclusively for clients where they can review and approve the return before transmission.
E-Signing Options - After preparing the returns, tax professionals can request that their clients e-sign using Form 8453-TE or 8879-TE, whichever is applicable.
Volume-Based Pricing: Tax990's volume-based pricing packages allow tax professionals to save more money when they file more forms.
If there are any questions during the filing process, clients can reach out to Tax990's dedicated support team via live chat, phone, and email.
When asked about the upcoming 990 deadline, Agie Sundaram, the CEO and Co-founder of SPAN Enterprises (parent company of Tax990), responded by stating, "At Tax990, we're committed to offering even the smallest organizations a seamless solution for navigating the upcoming 990 filing season, ensuring a smooth process to meet IRS obligations. Tax990 is here to provide dedicated customer support, time-saving features, and an excellent record-keeping solution for small nonprofits."
Nonprofit organizations and tax professionals can begin their 990 e-filing journey today by creating a free account at Tax990.com.
About Tax990
Tax 990 is the premier, IRS-authorized e-file provider of nonprofit tax forms. Tax990 provides solutions for nonprofits that are required to file Form 990-N, 990-EZ, 990, 990-PF, 990-T, California Form CA-199, and 8038-CP with the IRS. With advanced features and affordable pricing, the goal of Tax990 is to help nonprofits file easily, so they can continue to keep doing good.
About SPAN Enterprises
Based in Rock Hill, South Carolina, SPAN Enterprises has been developing industry-leading software solutions for IRS e-filing and business management tools for over a decade.
The SPAN Enterprises portfolio of products includes TaxBandits, Tax990, ACAwise, ExpressExtension, 123PayStubs, and TruckLogics.
For all media inquiries, please contact Stephanie Glanville, Content Writer, at stephanie@spanenterprises.com.
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SOURCE: Tax990
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