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When is IRS Form 990 Due: The Deadline to File Nonprofit Tax Form 990

03/06/2023 4:42 AM

For nonprofits, ensuring that your tax filings are up to date is crucial for maintaining your tax-exempt status. This often means dealing with IRS Form 990. The question we hear most frequently at 990.Tax is, "When is IRS Form 990 due?" We'll break it down for you here and ensure you understand all of the critical details to keep your organization in good standing.

Form 990: The Basics

Form 990 is an annual reporting return that federally tax-exempt organizations must file with the IRS. It provides information about the organization's mission, programs, and finances.

The form includes various schedules and parts, each designed to capture different types of information about your organization. Depending on your organization's financial activity, you may need to file Form 990, 990-EZ, or 990-N (e-Postcard).

When is IRS Form 990 Due?

The deadline for filing Form 990 is the 15th day of the 5th month after your organization's accounting period ends. This is an annual deadline; you need to file your Form 990 each year.

However, not all organizations operate on the same fiscal calendar. The fiscal year end is chosen by the organization and could vary significantly from one nonprofit to another. For the complete and updated information on Form 990 due dates, visit the official IRS website here.

Case Study: PTA Organizations

Let's illustrate this with an example: Suppose your organization is a Parent-Teacher Association (PTA) that operates on a fiscal year ending on June 30.

In this case, your Form 990 would be due by November 15 of the same year. So, if your PTA's fiscal year ended on June 30, 2023, you would need to file Form 990 by November 15, 2023.

Consequences of Late Filing

The IRS imposes penalties for late filing of Form 990. The fine is $20 per day for nonprofits with gross receipts less than $1 million, and $100 per day for nonprofits with gross receipts over $1 million. However, the maximum penalty cannot exceed 5% of the organization's gross receipts for the year.

Moreover, if your organization fails to file Form 990 for three consecutive years, the IRS will automatically revoke your tax-exempt status. Therefore, meeting your filing deadline is not only smart but also crucial to maintaining your nonprofit status.

Final Thoughts

Understanding and keeping track of your Form 990 due date is integral to the smooth operation of your nonprofit. At 990.tax, we're dedicated to simplifying this process for you. We offer an online tax filing service specifically designed for nonprofits, so you can rest easy knowing your tax filings are in good hands.

Never miss a deadline again with our easy-to-use service. File your Form 990 with 990.tax and keep your focus on what matters most – your mission.

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