Staying on top of tax filings can be a challenge for any organization, but for nonprofits, it’s especially important to meet deadlines in order to maintain your tax-exempt status. This blog post will explore the different due dates and filing methods for the annual return, a critical document for the IRS.
Three Ways to File
There are three ways for exempt organizations to file their annual return according to the IRS https://www.irs.gov/charities-non-profits/annual-exempt-organization-return-due-date:
- Paper filing: This is the traditional method, but it can be time-consuming and prone to errors.
- Electronic filing: The IRS strongly encourages electronic filing, which is faster, more secure, and easier to track.
- Filing an extension: If you need more time to complete your return, you can file Form 8868 to request an automatic 6-month extension.
Due Dates to Remember
The due date for your annual return depends your organization’s fiscal year end, as outlined by the IRS or using the chart below: https://www.irs.gov/charities-non-profits/return-due-dates-for-exempt-organizations-annual-return
Ending date of tax year | Initial return due date | Extended due date |
December 31 | May 15 | November 15 |
November 30 | April 15 | October 15 |
October 31 | March 15 | September 15 |
September 30 | February 15 | August 15 |
August 31 | January 15 | July 15 |
July 31 | December 15 | June 15 |
June 30 | November 15 | May 15 |
May 31 | October 15 | April 15 |
April 30 | September 15 | March 15 |
March 31 | August 15 | February 15 |
February 28/29 | July 15 | January 15 |
January 31 | June 15 | December 15 |
*If a due date falls on a Saturday, Sunday, or legal holiday, the due date is delayed until the next business day. The table above does not reflect the additional day.
Maintaining Your Exempt Status
Filing your annual return on time is crucial for maintaining your organization’s exempt status. The IRS uses the information in this return to ensure that your organization is complying with the requirements for tax-exempt status.
Disclaimer
This blog post is for informational purposes only and should not be construed as legal advice. By staying informed about these deadlines and filing procedures, you can help your nonprofit organization stay compliant and continue to focus on its important mission.
Need help? Schedule your free consultation at: https://nonprofitenthusiast.com/schedule-consultation/