Exempt Organizations can Gain Automatic Extension via Form 8868

The IRS offers automatic 3 months extension to exempt and non-profit organizations that are not required to pay their taxes but file.  However, they can always file for an extension through form 8868 and Extensiontax.com is a leading IRS certified service provider helping many organizations file for an extension with ease. Therefore, exempt organizations wanting to file for an automatic 3 months extension (6 months for corporations filing through form 990-T) can do the same online before the time expires. Additionally, trustee of trust required to report to the IRS through form 1041-A or 5227 can use form 8868 to get automatic 3 months extension. It is important to keep in mind that exempt organizations can get additional 3 months extension but only when they are granted the first 3 months extension.

The first part or section of the IRS form 8868 is for extending the deadline for 3 months for exempt and non-profit organizations having to file their returns unless the organization files through IRS form 990-T. Because, organizations filing through form 990-T have the benefit of getting 6 months extension. For a better understanding, IRS form 8868 (Application for Automatic Extension of Time) can be used by organizations filling any of the following forms.

  • Form 990 –      Organizations exempted from filing income tax return
  • Form 990-EZ – Report information about public charity status and public support (Short Form Return of Organization Exempt from Income Tax)
  • Form 990-PF –  Return of Private Foundation
  • Form 990-T –    Return for Unrelated business Income Tax
  • Form 1041-A – “U.S information return – trust accumulation of charitable amounts”
  • Form 4720 –       Report certain excise taxes on charities and other persons
  • Form 5227 —      Split-interest trust information return
  • Form 6069 —      Excise tax return on additional contribution made to the black lung benefit trust under section 4963
  • Form 8870 —       Information return for transfers associated with certain personal benefit contracts

The Internal Revenue Service applies late penalty fees on organizations not filing their tax return on time. Exempt organizations filing for an extension through form 8868 need to provide important details such as organization name/ address, Employer Identification Number or Social Security number, and the exempt organization form they are required to file. Filing form 8868 online can save time and help organizations extend the deadline with utmost comfort and convenience. Filing for an extension made easy with ExtensionTax.com, the one-stop solution provider for extension tax filers. Reach us @ 1-866-245-3918 for any queries or assistance.