April 14, 2020 The Internal Revenue Service last week granted tax-exempt organizations an extra two months to file Form 990s, which had been due May 15, because of the disruption in operations many charitable organizations have experience due to the coronavirus pandemic.
The move mirrors the delay in tax payments the Internal Revenue Service (IRS) granted to a variety of taxpayers and businesses in response to the crisis.
Organizations are required to file the Form 990 no later than four and one-half months after the end of their fiscal year. Nonprofits with a fiscal year ending Dec. 31 would normally filing their Form 990 by May 15.
The delay, announced April 9, allows nonprofits and foundations the opportunity to extend filings that had been due May 15, two months to July 15.
This relief is automatic. Affected taxpayers do not have to call the IRS, file any extension forms or send letters or other documents to receive this relief, according to Withum, an advisory and accounting firm.
Form 8868, Application for Automatic Extension of Time to File an Exempt Organization Return, may be filed to request an additional extension of time to file to November 15.
Taxes owed with Form 990-PF and Form 990-T are due at the time of the filing of the extension, July 15.
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