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If you’re managing a nonprofit organization, keeping track of IRS filing obligations is essential. Missing a due date for filing tax returns can lead to penalties that strain your organization’s resources. Fortunately, IRS Form 8868 offers an easy way to extend the due date of your tax-exempt return. This article provides you with everything you need to know about the Form 8868 due date, how to apply for an extension, and why it’s crucial for tax-exempt organizations.
IRS Form 8868 allows nonprofits and tax-exempt organizations to request an automatic 6-month extension to file their annual tax return, usually for forms like the 990, 990-EZ, and others. This extension gives organizations more time to gather financial documentation and complete their tax filings accurately.
Filing Form 8868 provides a single, automatic 6-month extension, simplifying the process.
The due date for filing Form 8868 depends on the fiscal year of your organization:
There are two ways to submit Form 8868:
It’s important to note that filing Form 8868 only extends the due date to file the return. Any taxes owed must still be paid by the original due date to avoid penalties.
Nonprofits often face challenges that make it difficult to meet the original filing deadlines:
By filing Form 8868, nonprofits can avoid the pressure of rushing to meet deadlines and ensure that they submit accurate, fully compliant tax returns.
At 990.tax, we offer an easy-to-use, secure platform to e-file Form 8868 and other IRS forms. Our step-by-step process ensures that you meet the IRS’s requirements, and our automated error-checking feature minimizes the risk of rejected returns.