IRS Automatically Extends Tax-Exempt Organization Deadlines

April 15, 2020

To provide additional help to taxpayers, the Internal Revenue Service (IRS) issued Notice 2020-23 on April 9, 2020 to extend additional key tax deadlines for individuals and businesses. Among those groups that will benefit from this extension are tax-exempt organizations who file a 990 series form. Some of the forms extended by this notice are:

  • Form 990
  • Form 990EZ
  • Form 1120POL
  • Form 990-T
  • Form 990-PF
  • Quarterly estimated tax payments due between April 1 and July 15 are due on July 15, 2020

This notice extends filing and payment requirements until July 15, 2020 for returns or tax payments originally due between April 15, 2020 and July 15,, 2020. If your business needs additional time to file after the July 15 deadline, you can request an extension to November 15, 2020 by filing Form 8868 for the 990 series. However, an extension to file is not an extension to pay any taxes owed.

Read Notice 2020-23 to learn more. For more information, contact Kathy Cuddapah.