The Notice automatically postpones the due date for making these filings and payments to July 15, Affected taxpayers who need more time to file than is provided by the automatic extension may file the appropriate extension form by July 15, , but the extension date may not go beyond the original statutory or regulatory extension date e. Affected taxpayers have until July 15, to perform all such time-sensitive actions.
Applicable time-sensitive actions include the filing of annual returns including the Form series of organizations exempt from tax under Section a of the Internal Revenue Code. Accordingly, exempt organizations, including Section c 3 organizations, have until July 15, to file Forms and EZ that would otherwise be due on or after April 1, and before July 15, Time-sensitive actions under Rev.
Generally, for an organization to be recognized as exempt under Section c 3 of the Internal Revenue Code from the date it was organized, Form or Form EZ must be filed within 27 months from the end of the month in which the organization was organized.
Organizations whose month deadline occurs between April 1, and July 15, have until July 15, to timely file Form or Form EZ. Organizations should note that this relief only applies to IRS filings. Applicable state filings are not automatically extended by this action. Organizations should consult guidance from any states in which they have filing obligations to determine whether those due dates have also been extended. WilmerHale exempt organization specialists are available to answer questions on the application of the Notice or provide advice on related exempt organization issues.
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After we have undertaken representation of you concerning a matter, you will be our client, and we may thereafter exchange confidential information freely. This software puts all of the IRS's complex and tedious diction into easily-understandable terms.
Note: These platforms are also commonly the same tax filing platforms used by accounting professionals in the industry.
The Form is another IRS form that grants qualifying nonprofits a 6-month extension for their tax return information. But in all seriousness, this is a pretty generous policy by the IRS. For instance, nonprofits trying to wrap up their audit before filing their Form EZ might find it challenging to meet the deadline of the form. Missing the IRS form EZ deadline can be a frustrating experience when it means being hit with daily penalties and the potential loss of your tax-exempt status.
This should be a premeditated action. Your Form EZ deadline is a big deal! The best step you can take? Set yourself up for success by investing in a certified e-filer, keep up with your financial information throughout the year, and if necessary file a Form If you're looking for more information about the EZ and nonprofit tax forms in general, check out the additional resources below:.
Receive IRS acceptance notification within 24 hours. When is the EZ deadline? The short answer is May 15th. If your fiscal year ends on July 31st, your tax forms will be due December 15th. If your fiscal year ends on March 31st, your tax forms will be due August 15th. If your fiscal year ends September 20th, your tax forms will be due February 15th. And so on and so forth.
Overview of penalties for missing the EZ deadline. But before you know it, May 15th has come and gone, passing you by without you even noticing! You will be fined. You could lose your tax exemption status. The IRS took their penalties a step further to appeal to these specific organizations.
You might have to reapply and pay filing fees. Explain why you missed the EZ deadline to try to see if fees can be waived. When you explain the reason why you missed the deadline, you should define: What happened and when? What circumstances occurred to prevent the tax form from being filed?
What did you do to try to comply with the deadline? How did you handle the situation? If you wait to get the reply from the IRS, the fees will just continue adding up. Take steps to avoid missing the EZ deadline in the future. Create systems for gathering EZ financial information. Get in touch with an IRS-approved tax-filer. So you might consider reaching out to a professional.
A secure filing platform. Yes, we mean a free six month extension. Where was that perk for your college term paper, right? Learn more about the Form EZ and the qualifications that nonprofits must meet to file it. Not sure which form to file? Check out this article outlining the specific differences between the N and the EZ.
Can My Nonprofit File a Postcard?
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