Form 8868, Application for Automatic Extension of Time To File an Exempt Organization Return is filed by charities, nonprofit groups, and tax-exempt organizations to get an extension to file their information return.
By filing IRS Form 8868, exempt organizations can get up to 6 months of extension. Also, they don’t need to provide a reason for filing an extension.
Exempt organizations that couldn’t file their annual information return by the due date can file an extension Form 8868 and request 6 months extension of time.
The following information returns can be extended by filing Form 8868
Also, the trustee of a trust who is required to file Form 1041-A or Form 5227 can use extension Form 8868 to request an extension of time to file the returns.
The due date to file an extension Form 8868 will vary based on when the organization’s accounting period ends.
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.
If the exempt organization follows the calendar tax year, the due date to file Form 8868 is May 15, 2023. Filing Form 8868 for the 2022 tax year will extend the filing deadline to October 16, 2023.
However, if the due date falls on weekends or federal holidays, then the filing deadline will be the next business day.
Need more time to file your 990 information return?
E-file extension Form 8868 with the IRS using TaxZerone. Complete the whole filing process by following 3 simple steps in less than 5 minutes.
If you miss filing your exempt organization return and paying the tax due within the deadline, you will incur penalties from the IRS.
Below are the penalty rates for Form 8868:
|Failure to pay taxes and file tax returns||Filed tax return or extension form, but failed to pay taxes|
|Late filing penalties differ based on the information return for which you apply for an extension.||0.5% of any tax due (other than estimated tax) for each month or part of a month the tax is unpaid. The maximum penalty is 25%.|
Here is the step-by-step instruction to complete Form 8868. Follow the instructions below to fill out extension Form 8868.
Enter the Return Code based on the type of return for which you are requesting a Form 8868 extension. Enter only one return code. If you want an extension for another form, you must file a separate Form 8868 for that return.
E-filing extension Form 8868 is an added advantage to you as the process is quick and simple and you will get an instant status of your return. You can e-file Form 8868 directly with the IRS or can opt to use an e-file service provider.
TaxZerone is an IRS-authorized e-file service provider that supports the electronic filing of extension Form 8868. You can simply enter the required information, calculate the balance due, and transmit the return to the IRS.
Another method to file Form 8868 is paper filing. You can manually fill out Form 8868 and send it via postal email.
If you are paper filing your extension form, make sure you are sending the return earlier before the deadline, as it may take some time for the return to reach the IRS.
Although there are two filing options available for exempt organizations to file an extension, the IRS recommends the e-filing of Form 8868 as it is simple, easy, and takes less time and cost compared to paper filing.
Save your time, money, and effort by filing extension Form 8868 online with TaxZerone, an IRS-authorized e-file service provider.
After filling out all the required information in Form 8868, you are required to manually send the return to the IRS by postal mail.
Send a paper copy of Form 8868 to the mailing address mentioned below
Department of the Treasury
Internal Revenue Service Center
Ogden, UT 84201-0045
An application for extension of time to file Form 8870, Information Return for Transfers Associated With Certain Personal Benefit Contracts must be sent in paper format to the address above.
E-filing Form 8868 can be done in 3 simple steps. Before you start with the e-file process, keep the information below ready.
Once you have all the information above, you can follow the steps below to e-file Form 8868 using TaxZerone.
Running short on time to file your annual information return?
Quickly e-file extension Form 8868 with TaxZerone and get an extension of up to 6 months.
While completing step 2, if you have a balance due, you can choose to pay the balance due amount using the electronic funds withdrawal (EFW) option. You will need to provide your bank account information, such as account number, account type, and routing number.
Once the IRS processes your return, your balance due will be automatically debited from your account. Please make sure to maintain a sufficient balance in your account.
File Form 8868 easily with TaxZerone at just $9.99/return. You will only have to enter the required information, calculate your balance due, and transmit the return to the IRS. The whole filing process gets completed in less than 5 minutes!
You will also get email updates on your return status as soon as the IRS processes it.
Ready to file Form 8868 online?
Get up to 6 months extension