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Facts about Form 8868!

The official name of the form is “Form 8868 : Application for Extension of time to file an Exempt Organization Return“.

File Your Tax Extensions Online

Form 8868 is used by an exempt organization to request an automatic 3-month extension of time (6 months for a corporation required to file Form 990-T) to file its return and also to apply for an additional (not automatic) 3-month extension if the original 3-month extension was not enough. Also, the trustee of a trust required to file Form 1041-A or Form 5227 must use Form 8868 to request an extension of time to file those returns.

You cannot apply for both the automatic 3-month extension and the additional (not automatic) 3-month extension at the same time.

Use Form 8868 to apply for an automatic 3-month extension of time to file an organization’s return, and submit the original form to the IRS (no copies are needed). Or for applying for an additional (not automatic) 3-month extension.

The automatic 3-month extension (6 months for a corporation required to file Form 990-T) will be granted if this form is properly completed, filed, and any balance due on line 3c is paid by the due date for the return for which the extension applies.

File Form 8868 by the due date of the return for the form you are requesting an extension, or, in the case of an additional 3-month extension, by the extended due date of the return. When requesting an additional extension of time to file, file Form 8868 early so that if your request is denied you can still file your return on time.

An organization will only be allowed a total extension of 6 months for a return for a tax year.

Automatic 3- month (6 month in Case Corporation required to file form 990-T) can be electronically filed. However, you cannot file Form 8868 electronically if you want the additional (not automatic) 3-month extension or you are filing extension request for Forms 990-BL, 6069, or 8870, group returns, or a composite or consolidated Form 990-T.

Due Dates for Filing Form 8868

Form #	Due Date to File Extension	Description
Form 990	By the 15th day of the fifth month after the end of organizations accounting period or from the date of dissolution or liquidation or termination	Return of Organization Exempt from Income Tax
Form 990 BL	By the 15th day of the fifth month after the end of filers tax year	Information and Initial Excise Tax Return for Black Lung Benefit Trusts and Certain Related Persons
Form 990 EZ	By the 15th day of the fifth month after the end of organizations accounting period or from the date of dissolution or liquidation or termination	Short Form Return of Organization Exempt from Income Tax
Form 990 PF	By the 15th day of the fifth month after the end of foundation’s accounting period or from the date of complete dissolution or liquidation or termination	Return of Private Foundation or Section 4947(a)(1) Nonexempt Charitable Trust Treated as a Private Foundation
Form 990 T(corporation)6 months extension	By the 15th day of the fifth month after the end of tax year	Exempt Organization Business Income Tax Return (and proxy tax under section 6033(e))
Form 990-T (sec. 401(a) or 408(a) trust)	By the 15th day of the fourth month after the end of tax year	Exempt Organization Business Income Tax Return (and proxy tax under section 6033(e))
Form 990-T (sec. 401(a) or 408(a) trust)	By the 15th day of the fourth month after the end of tax year	Exempt Organization Business Income Tax Return (and proxy tax under section 6033(e))
Form 990-T (trust other than above)	By the 15th day of the fifth month after the end of tax year	Exempt Organization Business Income Tax Return (and proxy tax under section 6033(e))
Form 1041 A	By 15th April after the calendar year (2011)	U.S. Information Return Trust Accumulation of Charitable Amounts
Form 4720	By the 15th day of the fifth month after the end of entity’s accounting period	Return of Certain Excise Taxes Under Chapters 41 and 42 of the Internal Revenue Code
Form 5227	By 15th April after the calendar year (2011)	Split-Interest Trust Information Return
Form 6069	By the 15th day of the fifth month after the end of tax year	Return of Excise Tax on Excess Contributions to Black Lung Benefit Trust Under Section 4953 and Computation of Section 192 Deduction
Form 8870	A charitable remainder trust described in section 664(d) file by 15th April 2011. All others by the 15th day of the fifth month after the end of tax year	Information Return for Transfers Associated With Certain Personal Benefit Contracts

Form 8868 can be filed electronically to the IRS through an approved E-file provider. One such Form 8868 e-file provider is www.extensiontax.com.

You can e-file an extension request using www.ExtensionTax.com software with your own computer. The IRS acknowledge receipt of the extension request if you file through ExtensionTax.com.
Remember the inbuilt provisions in e-filing service enable data maintenance efficiently. Thus your data is safe and retrievable at any point of time.
ExtensionTax.com can help you access the forms you need to e-file your extension in time. It’s Simple, Safe and Secured.
To know more about Filing your Form 8868 electronically visit www.tax8868.com/www.ExtensionTax.com.
For any further support o filing Extension for Tax Forms call our Help Desk 1-866-245-3918 or simply email your queries to support@ExtensionTax.com.

ways to request an automatic extension of time to file a U.S. individual income tax return.

It’s Convenient, Safe, and Secure

IRS e-file is the IRS’s electronic filing program. You can get an automatic extension of time to file your tax return by filing Form 4868 electronically. You will receive an electronic acknowledgment once you complete the transaction. Keep it with your records. Do not send in Form 4868 if you file electronically, unless you are making a payment with a check or money order. Complete Form 4868 to use as a worksheet. If you think you may owe tax when you file your return, you will need to estimate your total tax liability and subtract how much you have already paid

E-file Using Your Personal Computer or Through a Tax Professional

Refer to your tax software package or tax preparer for ways to file electronically. Be sure to have a copy of your 2010 tax return—you will be asked to provide information from the return for taxpayer verification. If you wish to make a payment, you can pay by electronic funds withdrawal or send your check or money order to the address shown in the attachment on Where to File a Paper Form 4868

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New PTIN Requirements for Tax Return Preparers

Important: All Paid Preparers must register with the IRS and obtain a PTIN. click here to read more

New regulations require all paid tax return preparers to obtain a PTIN. Renewals for 2012 are expected to start in October 2011. In the future, some preparers will need to pass a competency test and background check, and take continuing education courses. Check back for more guidance soon. If you haven’t done so already, you can apply for your PTIN in 4 easy steps:

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Extension of time for reporting Tax on Form 990-T

Extension of time for reporting Tax on Form 990-T

Corporations may request an automatic 6-month extension of time to file Form 990-T by using Form 8868, Application for Extension of Time To File an Exempt Organization Return.

Trusts may request an automatic 3-month extension of time to file by using Form 8868. Also, if more than the initial automatic 3 months is needed, trusts may file a second Form 8868 to request that an additional, but not automatic, 3-month extension be granted by the IRS.

What id Form 990-T?

Form 990-T is to report Income Tax on a non-profit corporation, trust etc.

Purpose of Form

Use Form 990-T, Exempt Organization Business Income Tax Return, to:

Report unrelated business income;
Figure and report unrelated business income tax liability;
Report proxy tax liability;
Claim a refund of income tax paid by a regulated investment company (RIC) or a real estate investment trust (REIT) on undistributed long-term capital gain; and
Request a credit for certain federal excise taxes paid or for small employer health insurance premiums paid.

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Report Extension Tax form 8868 to get more time to file Form 990, Return of Organization Exempt From Income Tax.

Form 990, Return of Organization Exempt From Income Tax

Annual Electronic Filing Requirement for Small Tax-Exempt Organizations:

Many small tax-exempt organizations with annual gross receipts less than or equal to $50,000 now must submit Form 990-N, Electronic Notice (e-Postcard) for Tax-Exempt Organizations Not Required to File Form 990 or 990-EZ, if they choose not to file Form 990 or 990-EZ. See the IRS website at www.irs.gov/charities and click on the Form 990-N (e-Postcard) tab for more information.

Paid preparers can no longer enter their social security numbers on page 1 in the signature block.

Purpose of 990 Forms

Forms 990 and 990-EZ are used by tax-exempt organizations, nonexempt charitable trusts, and section 527 political organizations to provide the IRS with the information required by section 6033.

An organization’s completed Form 990 or 990-EZ, and a section 501(c)(3) organization’s 990-T, Exempt Organization Business Income Tax Return, generally are available for public inspection as required by section 6104. Schedule B (Form 990, 990-EZ, or 990-PF), Schedule of Contributors, is available for public inspection for section 527 organizations filing Form 990 or 990-EZ. For other organizations that file Form 990 or Form 990-EZ, parts of Schedule B (Form 990, 990-EZ, or 990-PF), can be open to public inspection. See Appendix D and the instructions for Schedule B (Form 990, 990-EZ, or 990-PF) for more details.

Some members of the public rely on Form 990 or Form 990-EZ as their primary or sole source of information about a particular organization. How the public perceives an organization in such cases can be determined by information presented on its return. Therefore, the return must be complete, accurate, and fully describe the organization’s programs and accomplishments.

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