Federal Tax Day – Current,I.1,IRS Reminds Tax-Exempt Organizations of July 15 Deadline to File Certain Forms (IR-2020-141)

08 July 2020

The IRS has reminded tax-exempt organizations that they may be required to file certain forms by July 15, 2020. For organizations that operate on a calendar-year basis, this would include the 2019 Form 990, Return of Organization Exempt From Income Tax, that they would have normally filed on May 15. Accordingly, the following forms that were originally due on May 15 will be due on the upcoming July 15 deadline:

  • Form 990-series annual information returns (Forms 990, 990-EZ, 990-PF, 990-BL);
  • Form 990-N, Electronic Notice (e-Postcard) for Tax-Exempt Organizations Not Required to File;
  • Form 990 or Form 990-EZ;
  • Forms 8871, Political Organization Notice of Section 527 Status;
  • Form 8872, Political Organization Report of Contributions and Expenditures;
  • Form 990-T, Exempt Organization Business Income Tax Return;
  • Form 1120-POL, Political Organization Filing Requirements; and
  • Form 4720, Private Foundation Excise Tax Return.

Further, tax-exempt organizations may request for an automatic extension to file beyond the July 15 deadline by filing Form 8868, Application for Extension of Time to File an Exempt Organization Return. Organizations can receive a 6-month extension beyond the original due date. Therefore, for a calendar-year 2019 return, the extended deadline would be November 15, 2020. However, extending the time for filing a return does not extend the time for paying tax where tax is due. Finally, the IRS has urged taxpayers to take advantage of the speed and convenience of filing their returns electronically.