ROCK HILL, SC / ACCESSWIRE / May 10, 2024 / Tax deadlines are always daunting! With the May 15 deadline for 990 series forms just 3 business days away, nonprofits and tax-exempt organizations (those that follow the calendar tax year) may find themselves in the midst of an overwhelming workload.
Tax990 provides a streamlined e-filing solution, empowering organizations to efficiently complete their 990 filings within their remaining days of filing time.
A Simple Solution to Ensure 990 Compliance
With over 10 years of experience, Tax990 remains a trusted solution for nonprofits nationwide, helping them fulfill their tax filing obligations with the IRS.
This IRS-authorized e-file provider supports all the 990 forms that a nonprofit may be required to file to ensure tax compliance with the IRS. Here is the list of 990 forms and their filing requirements.
Form 990-N - Filed by small nonprofits with gross receipts of $50,000 or less
Form 990-EZ - Filed by mid-level nonprofits with gross receipts < $200,000 and assets < $500,000.
Form 990 - Filed by large nonprofits with gross receipts ≥ $200,000 (or) assets ≥ $500,000.
Form 990-PF - Filed by nonprofits that are classified as private foundations.
Form 990-T - Filed by nonprofits with unrelated business income of $1000 or more. (Supporting form)
Organizations must choose and file the applicable 990 return by May 15 to avoid penalties and maintain their tax-exempt status. Along with these forms, Tax990 includes the applicable Schedules at no additional cost.
In addition, Tax990 also supports extension Form 8868 for organizations that need more time to file 990 returns. Upon filing 8868, the IRS will grant an automatic extension of up to 6 months.
State Filing Support for California Nonprofits
In addition to federal compliance, nonprofits may be subject to state-level filing requirements, which vary by state. Nonprofits that operate in the State of California and obtain tax-exempt status from the Franchise Tax Board (FTB) must file CA Form 199 as part of their state annual filing requirements. The deadline for filing this form is also May 15, 2024 (for calendar filers).
Tax990 offers a simple solution for these nonprofits to e-file Form 199 with their federal 990 form.
Seamless E-filing Experience Guaranteed with Unique Features
Intended to make the e-filing process as simple as possible, Tax990 incorporates multiple time-saving features throughout the application.
Flexible Form Preparation- Tax990 offers two different methods to prepare 990 forms: Form-Based filing and Interview-style filing. Clients can also use the Excel templates provided to upload their filing information in bulk. If organizations have previously filed a return with Tax990, they can conveniently copy certain data to the current form.
Ensuring Error-Free Return - The error checks built into the software audit the completed returns based on the IRS Business Rules before transmission to ensure accurate reporting.
Free Retransmission - If any of the returns filed by clients are rejected by the IRS, they can retransmit them at no additional cost.
Reviewers and Approvers - Once completed, clients can share the completed returns with officials of the organizations to review and approve the returns.
Staff Management - Clients can invite their team members to share filing responsibilities.
E-Sign Options - Tax990 supports both Form 8453-TE and 8879-TE for paid preparers and Electronic Return Originators (ERO) respectively, to obtain e-signature from their clients as an authorization for the 990 filings.
Dedicated Customer Support - Tax990 offers live customer support via live chat, phone, and email to resolve questions that their clients may have during the filing process.
When asked about the upcoming deadline, Agie Sundaram, the CEO and Co-founder of SPAN Enterprises (parent company of Tax990), responded by stating, "At Tax990, we're committed to supporting nonprofits of all scales, offering a streamlined solution for the fast-approaching 990 filing season. Our platform ensures effortless IRS compliance with personalized customer assistance, efficient features to save time, and customized record-keeping solutions tailored specifically for nonprofits."
Nonprofit organizations and tax professionals can begin their 990 e-filing journey today 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 Form 990-N, 990-EZ, 990, 990-PF, 990-T, 8868, California Form CA-199, 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 keep doing good.
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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