ROCK HILL, SC / ACCESSWIRE / May 12, 2023 / May 15, 2023, marks a major deadline for tax-exempt organizations across the country. All nonprofit organizations that are classified as 501(c)3 are exempt from filing federal income tax. However, they do still have annual filing requirements with the IRS. These organizations are required to file a Form 990 series return. The 990 Series includes the following forms:
- Form 990-N
- Form 990-EZ
- Form 990
- Form 990-PF
- Form 990-T
Filing Requirements with the State of California
Tax-exempt organizations that operate in the State of California also have an additional filing requirement. The California Franchise Tax Board (FTB) requires organizations with annual gross receipts of $50,000 or more, are required to file Form CA 199. It is important to note that private foundations and all nonexempt charities that are classified under Section 4947(a)(1) are also required to file Form CA 199.
Tax990 E-file Solutions for 990 and CA 199 Returns
With just a few days until the May 15th filing deadline, Tax990, an IRS-authorized, FTB-authorized e-file provider of 990 Series forms offers a complete solution for these organizations to meet their filing requirements with the IRS and California FTB.
Advanced Features for Easy E-filing
Tax 990 features are designed to streamline the filing process for tax-exempt organizations. Tax990 clients can either copy the information from their approved federal 990 return to simplify their state CA 199 filing. If the client filed the federal 990 return with Tax990, Part II of the CA 199 will be generated automatically, if the client filed elsewhere, they can easily upload their 990 in PDF form.
Much like with 990 returns, different schedules may need to be attached based on the size and structure of the organizations. Tax990 supports Schedule M-1 and L and generates these based on the information provided during the filing process.
Tax990 allows clients to collaborate with their team members from a single account. There is also an option to share returns with board members for review and approval before transmitting them to the IRS and the State of California.
Any forms rejected by the California Franchise Tax Board can be updated and retransmitted at no additional cost.
Additionally, Tax990 provides excellent customer support throughout the filing process. Their team offers extended support hours around major 990 filing deadlines, like May 15th. The team can be reached by phone, email, and live chat.
When asked about the upcoming deadline on May 15th, Agie Sundaram, the CEO, and Co-founder of SPAN Enterprises, the parent company of Tax990, responded by stating, “The team at Tax990 is dedicated to providing tax-exempt organizations and the professionals that file on their behalf with a solution that is complete, secure, and affordable. Our team will be here over the weekend providing extended customer support to ensure that all our clients are able to meet their deadlines with success.”
Tax990 is the premier, IRS-authorized e-file provider of nonprofit tax forms. Tax990 provides solutions for nonprofits that are required to file Forms 990, 990-EZ, 990-N, 990-PF, 990-T, California Form CA-199, and Extension Form 8868 with the IRS. With advanced features and affordable pricing, the goal of Tax990 is to help nonprofits file easily, so they can continue to keep doing good.
About SPAN Enterprises
Based in Rock Hill, South Carolina, SPAN Enterprises has been developing industry-leading software solutions for IRS e-filing and business management tools for over a decade.
The SPAN Enterprises portfolio of products includes TaxBandits, Tax990, ACAwise, ExpressExtension, 123PayStubs, and TruckLogics.
For any media inquiries, please reach out to Stephanie Glanville, Content Writer at [email protected].
SOURCE: SPAN Enterprises