Filing a 990? Some Tax-Exempt Groups Receive a Deadline Extension

Maribeth Wright | January 17th, 2012

The IRS recently announced an extension until March 30, 2012, for tax-exempt organizations that normally have a January or February return filing deadline.

The filing deadline extension impacts tax-exempt organizations that have a fiscal year that ended Aug. 31 or Sept. 30, 2011, and would ordinarily have a filing deadline of Jan. 17 or Feb. 15, 2012. The extension also applies to organizations that had already obtained an initial three-month filing extension that pushed their extended filing deadline to Jan. 17 or Feb. 15, 2012.

The deadline extension applies to organizations that file forms 990, 990-EZ, 990-PF or 1120-POL. You don’t need to file any forms to get the March 30 extension.

The e-file system that processes electronically filed returns for tax-exempt organizations will be offline in January and February. If you try to e-file during this period, your organization’s filing may be rejected. The IRS encourages organizations to consider waiting until March to file electronically but didn’t provide a specific date when it will once again begin accepting the tax-exempt returns. We will share the date with you as soon as we know.

If your organization’s annual return is in process, be sure to check with your tax professional regarding the deadline extension. Please note that the remainder of the e-file system will continue to operate normally, so you can continue to e-file all returns other than those for tax-exempt organizations should as usual.

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