A few weeks ago, the IRS postponed tax filing deadlines until July 15th, but seemed to have left nonprofits out.
Tax-exempt organizations now have an extra two months to file their federal Form 990 due to coronavirus (COVID-19). The Internal Revenue Service (IRS) has extended the April 15 deadline for nonprofits, giving them until July 15 to file their 990 without having to file any extension.
“The new extension of the nonprofit tax filing deadlines until July 15 is the correct move, since charitable organizations throughout the country are focused on the things that truly matter right now; providing urgent medical care, caring for the children of first responders, feeding, housing, protecting so many vulnerable people at greatest risk of exposure to COVID-19,” Tim Delaney, National Council of Nonprofits president and CEO, said in a statement.
Contact your HW&Co. professional with any questions. For more information on this topic, please visit the IRS website.
