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FAQs - Form 8868
Here are some common questions you may have about Form 8868
Who should file Form 8868?
Form 8868, Application for Automatic Extension of Time to File an Exempt Organization Return, is filed by tax-exempt organizations, including charities, nonprofits, and certain other exempt entities that need extra time to complete and submit their annual tax returns. By filing Form 8868, organizations will get an extension of up to
6 months to file their annual return.
When is the deadline for filing Form 8868?
For organizations that follow a fiscal tax year, Form 8868 must be filed by the 15th day of the 5th month after your tax year ends. In the event that the due date falls on a weekend or a federal holiday, the deadline for filing will be the following business day.
Can I file Form 8868 electronically?
Yes, you can file Form 8868 electronically through TaxZerone. It is an IRS-authorized e-file provider, allowing you to request an automatic 6-month extension for exempt organization returns.
What happens if I miss the deadline for filing Form 8868?
If you miss the deadline to file Form 8868, you will not get an automatic 6-month extension to file your return. Your return may be considered late, and your organization could face daily penalties. Repeated late filings can even lead to loss of tax-exempt status.
What information is required to file Form 8868?
- Exempt organization or filer information such as name and address.
- Organization's tax year
- Taxpayer identification number (TIN)
- Return code of the application for which the organization needs to file an extension form
- Group exemption number (GEN) if filing an extension for a group return.
- Tentative total tax
- Total payments and credits
How do I know if the IRS accepted my extension form 8868?
When you file Form 8868 with TaxZerone, you will be notified about the filing status, and whether the IRS has accepted or rejected your return.
If your return is rejected by the IRS, you can correct the errors and retransmit it to the IRS for FREE.
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About TaxZerone®
TaxZerone® is an IRS-authorized e-file service provider that helps businesses and individuals file multiple IRS forms, such as excise, employment tax, extension, information returns, and tax-exempt forms, easily and securely.
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