Only A Few Days Left For Nonprofits To File 990 Returns For A November 15th Deadline - E-file Now With Tax990

ROCK HILL, SC / ACCESSWIRE / November 10, 2023 / Even the smallest nonprofits have an IRS filing obligation coming up on November 15, 2023, if they meet one of the following criteria:

• The organization operates on a tax year beginning on July 1st and ending on June 30th.
• The organization filed an IRS tax extension Form 8868 to extend a 990 deadline on May 15, 2023.

Purpose and Importance of 990 Series Returns

Despite being exempt from federal income taxes, all nonprofit organizations that are classified under Section 501(c)(3) of the IRS Code are required to file 990 Series Returns. These forms range from simple forms requiring basic information, to long and complex forms requiring a complete snapshot of the organization's financial activity throughout the year.

Why is such detailed reporting required? The IRS makes all 990 Series Forms available to the public and uses the information provided to verify that the nonprofit organization is operating in good faith and being a responsible steward of the contributions it receives. Without fulfilling the filing requirements successfully, nonprofit organizations risk jeopardizing or even losing their tax-exempt status.

Mandated IRS E-filing of 990 Returns

The IRS requires all 990 Series Returns to be filed electronically and will not accept paper returns for the 2022 tax year.

This has caused a major shift in the way that many tax-exempt charitable organizations, including private foundations, complete and submit their 990 returns electronically.

Straightforward, Efficient E-filing with Tax990

With Tax990, the process of filing and transmitting 990 returns to the IRS is simple, affordable, and efficient. Tax990 allows their clients to choose their preferred method for completing their 990 series returns. Clients can choose the Form-based filing option and simply fill out the form. Alternatively, clients that require more context during the filing process can select the Interview-style process, which will prompt them for the required filing information.

Robust Filing Features that Save Time

With just a few days before the upcoming 990 filing deadline on November 15, 2023, there is limited time for organizations to gather information, complete their form, and file. Tax990 provides time-saving features that are designed to promote the accuracy of their clients' returns. All forms are audited using the IRS Business Rules to prevent common errors that can lead to IRS rejections.

Tax990 also offers a simple process to allow other team members and board members to review and approve returns before they are transmitted to the IRS. If the tax-exempt organization enlists several individuals to complete the annual filing process, they are all able to do so using a single Tax990 account, using the Multi-User Access feature.

As many organizations are required to attach 990 Schedules to their returns to report additional required information to the IRS, all applicable schedules can be attached for no additional cost.

In the case that the IRS rejects the 990 return, Tax990 provides the rejection code (reason for the IRS rejection) and enables clients to update and retransmit their return for free.

Dedicated Customer Support

Tax990 streamlines the filing, reviewing, and IRS transmission process, but they continue to support tax-exempt organizations through the entire process, from choosing the correct 990 return all the way until the IRS accepts the return. Tax990 even supports the filing of 990 amendments. Throughout the process, they offer dedicated customer support by phone, email, and live chat to ensure that their clients have a smooth e-filing experience and are able to meet their deadline!

When asked about the fast approaching deadline, Agie Sundaram, the CEO and Co-founder of SPAN Enterprises (parent company of Tax990), responded by stating that, "We fully understand the stress that comes with filing a 990 Series Return for a nonprofit organization, especially when there is a time-crunch. With Tax990, nonprofits of every size and scope can find a streamlined and cost-effective solution for filing their return. This comes complete with our dedicated customer support, which is unbeatable."

Tax-exempt organizations can begin the 990 e-filing process with Tax990 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 Forms 990-N, 990-EZ, 990, 990-PF, 990-T, Extension Form 8868, 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 in their communities.

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.

SOURCE: Tax990

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