IRS 990 FAQs

Are we required to file the IRS 990 with our state government as well?

If an organization files a charitable solicitation filing, they typically will also need to file a copy of the IRS 990 with the state charitable solicitation filing. In addition, organizations that file a 990-PF often have a separate filing requirements in various states.

Where do we file the IRS 990.

Form 990 is filed with the Internal Revenue Service. Historically nonprofits were able to mail in a paper copy of their IRS 990 to the IRS for processing, but the IRS is discontinuing paper filing of the 990 and is beginning to require that all nonprofits file electronically in machine-readable format.

Can the due date for the IRS 990 be extended?

If you are unable to file the IRS 990 by the initial due date, you should apply for an extension of time to file. The IRS offers a single 6 month extension by filing the IRS Form 8868 which extend the due date for the 990 from 4.5 months after the fiscal year end until 10.5 after the fiscal year end.

Do we have to provide a complete copy of the 990 to those that request it?

Yes, but you can omit sensitive sections such as the Schedule B which lists donor names as well as any donor names and addresses listed on the Schedule A. Most organizations have a Form 990 public disclosure copy that they send to those that request it and a separate full copy of the 990 which is used internally and filed with the IRS.

What is the penalty if we’re late in filing our Form 990?

The fine for filing a late IRS 990 form is $20/day up to the lesser of $10,000 or 5% of gross receipts. For organizations with gross receipts of more than $1 million in the year, the penalty is increased to $100/day to a maximum of $50,000. Thus it is important to file on time.

When is Form 990 due?

Form 990 is due 4 1/2 months after the close of your fiscal year. For example, if your fiscal year ends on December 31, Form 990 is due on May 15. The due date however may be extended 6 months by filing IRS Form 8868, Form 8868, Application for Extension of Time To File.

Can the due date for the IRS Form 990 be extended a second time?

The due date for the IRS can be extended 6 months by filing IRS Form 8868, however it cannot be extended a second time. The IRS used to allow multiple 3-month extensions, but has switched to only allowing a single 6 month extension that extends the due date for the form from 4 1/2 months after the fiscal year ends to 10 1/2 months after the final year ends.

If you need help filing your 990 and would like us to file it for you, email us or contact us here.