IRS Extends Deadline for Form 990-N and 990-EZ Filings

The IRS has 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 but has been extended to October 15 for both forms. 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.

Note that Form 990 filers are not eligible for any extensions from their filing deadlines.

For more information, see the IRS website at www.irs.gov.