Jul 28, 2010

Form 990-N and 990-EZ Lateniks: It's Not Too Late After All!

Big news: The IRS just announced that it has extended the deadline for small nonprofits to file their 990-N or 990-EZ forms this year. The filing deadline was May 17 and has been extended to October 15 for both forms. Form 990 filers are not eligible for any extensions from their filing deadlines.

 Over 350,000 nonprofits failed to file the 990-N or 990-EZ form this year and face revocation of their tax-exempt status if they don't file by the new October 15 deadline.

The smallest nonprofits eligible to file the Form 990-N (e-Postcard) must simply file the required information electronically by the new October 15 deadline.

Other small nonprofits that file Form 990-EZ can participate in a one-time voluntary compliance program. These nonprofits must file their forms with a checklist by October 15, and pay a compliance fee of $100, $200, or $500, depending on their size.

For more information, see Every Nonprofit's Tax Guide, by Stephen Fishman (Nolo) and the IRS website at www.irs.gov/charities/article/0,,id=225705,00.html and