#form990

Managing tax obligations in the United States can be complex, especially when you are dealing with different forms, compliance requirements, and filing deadlines. Whether you are a non-resident, LLC owner, nonprofit organization, or partnership, accurate tax filing is essential to avoid penalties and maintain good standing with the IRS and state authorities.

If you need professional assistance with your tax filings, this service is designed to help individuals and businesses handle their returns efficiently and correctly.

What This Service Covers

This service focuses on preparing and electronically filing several important US tax forms required by individuals, businesses, and nonprofit organizations.

Included services:

• Form 1040NR for non-resident income tax returns • Form 1065 partnership tax returns • Form 990 nonprofit organization tax filings • LLC business tax returns • US federal tax filing • State tax filing and compliance • Error-free documentation review • Secure and accurate e-filing process

Beginning August 2022, all smaller charities, including PTA units, that are eligible and choose to file Form 990-N, Electronic Notice for Tax-Exempt Organizations (e-Postcard), must sign into the IRS modernized authentication platform using either their active IRS username or create an account with ID.me, the current IRS credential service provider.

When accessing the Form 990-N submission page, Form 990-N filers have three options:

Sign in with their active IRS username: Users with an active IRS username have the option to access the Form 990-N submission page using their existing IRS credentials or they can choose to create a new account with ID.me.

Sign in with their existing ID.me account: Users that have an ID.me account to access other IRS online services or from a state or federal agency can sign in using their existing ID.me account.

Create a new ID.me account: Users that don’t have an active IRS username credential must register and sign in with ID.me

ID.me account creation requires an email address and multi-factor authentication. Form 990-N filers who have an existing IRS username and register for an ID.me account must use the same email address.

The filing process for Form 990 and 990EZ has not been changed.

The IRS provides online training to help officers and board members and volunteers! Two excellent training videos are:

Maintaining 501(c)3 Tax-Exempt Status (includes records retention years)

and

Your company's 990 form must be filed yearly to ensure that your business can continue to enjoy the tax exemptions of a small company. Correct tax preparation is essential, but can be difficult and confusing to do.

A variety of 990 forms are available and you should know which form your organization should file based on its gross receipts and assets.

Failing to file your 990 form does not result in any legal penalty, however, if your company fails to file the 990 form for three consecutive years, your taxation exemptions are withheld until you reapply and are reapproved. Instead of having these unfortunate circumstances come about due to lack of preparation, it is easier to hire us to handle filing this form for you accurately and efficiently.

What is the Due Date of the 990 Form?

The 990 EZ and similar forms are due on May 15 of each year. It is important that you file your tax forms on time, as late forms may not be approved that year. If the due date falls on a Saturday, Sunday, or public holiday, then the next business day is considered the official due date.

How to File Your Taxes

You can file your 990 tax preparation through its official website, though you may prefer to have a professional business handle the form for you to ensure it is completed entirely and accurately. When you are accessing the system, you actually leave the website of IRS and file the form through the Urban Institute, a trusted website partner of the IRS.

Information That is Essential For Your 990 Tax Preparation

Eight things to keep in mind when preparing your 990 documents for filing (though certain forms will require more information):

Employer identification number (EIN),     also known as a Taxpayer Identification Number (TIN).

Tax year

Legal name and mailing address

Any other names the organization uses

Name and address of a principal officer

Web site address if the organization has     one

Confirmation that the organization’s     annual gross receipts are $50,000 or less

If applicable, a statement that the     organization has terminated or is terminating (going out of business)

 This list was pulled directly from the IRS' website, and may be viewed there as well.