Form 990 Filing Extension for NFPs

Not-For-Profit Form 990 Filing Extended to July 15

 
Not-for-Profits normally must file Form 990 on or before May 15; however the filing extensions granted to individuals and taxpayers were also granted to NFPs when the IRS issued Notice 2020-23. Form 990 now has an extended filing deadline of July 15, 2020. 
 
The following returns that qualify under this extension include:

• Form 990, Return of Organization Exempt From Income Tax
• Form 990-T, Exempt Organization Business Income Tax Return
• Form 990-PF, Return of Private Foundation
• Form 4720, Return of Certain Excise Taxes under Chapters 41 and 42 of the Internal Revenue Code

 
For more information about filing six-month filing extensions for Form 990 and related questions, please contact our CPAs. 
 
As always, the IRS keeps information updated frequently on their site. Visit the IRS’s Filing and Payment Deadline Questions and Answers for updated information. 
 
The AICPA also keeps on top of general education and updates concerning the new tax changes. 
 
For an overview of the disaster relief options available to you at this time, read through our FAQs About COVID-19 SBA Disaster Loans.