WASHINGTON, D.C. — With the May 15 filing deadline approaching, the Internal Revenue Service (IRS) has issued a reminder to tax-exempt organizations about the importance of timely and accurate filing to remain compliant with federal requirements.
For organizations operating on a calendar year basis, the annual filing deadline falls on the 15th day of the fifth month after the close of their accounting period. This year’s filings include the Form 990-series returns (Forms 990, 990-EZ, and 990-PF), Form 990-N for smaller organizations, Form 990-T for unrelated business income, and Form 4720 for certain excise taxes.
The IRS strongly recommends electronic filing, which offers quick receipt acknowledgment and reduced processing time. For calendar year 2023, all organizations filing Forms 990, 990-EZ, 990-PF, 990-T, or private foundations submitting Form 4720 must file electronically through authorized e-file providers. Organizations eligible to file Form 990-N can do so directly on IRS.gov.
The agency also cautioned against common filing mistakes. These include incomplete or missing schedules or submitting incorrect forms, which could result in return rejection. To avoid complications, the IRS advises a thorough review of all documents before submission.
Tax-exempt organizations can request a six-month automatic extension by submitting Form 8868, though it is important to note that this extension applies only to filing the return, not to paying any taxes owed.
The IRS urges organizations to act promptly to ensure compliance and avoid potential issues, emphasizing that electronic filing is both efficient and reliable for meeting the requirements.
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