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The due date for filing federal tax returns for calendar year-end tax-exempt organizations is Monday, May 15, 2017. With the deadline fast approaching, not-for-profits looking to file their forms on time should be gathering their financial information and submitting it to their tax professionals.

Extensions can also be filed by this date, giving an organization an automatic six months to file an exempt organization return. However, it is important to be aware that a state tax return may also be required and the due date or extension of time may be different.

Generally, a Form 990 (or one of its counterparts such as the 990-EZ, 990-N, 990-PF) is used to report information to the federal government regarding the activities and financial status of a tax-exempt or not-for-profit organization. This form is also used by the public to view information deemed important for charitable giving, financing or other such purposes. The rules governing the tax reporting for not-for-profit organizations are complex, but we have the experience and expertise necessary to help these types of entities of various sizes comply with the tax code and reduce the risk of revocation or denial of tax-exempt status.

If you are thinking about starting a not-for-profit entity, are the Treasurer, President, etc. of an established entity, or have questions or concerns about how to apply for tax-exempt status and what tax forms need to be filed, our team of professionals can help you!