What Is IRS Form 990 Tax Software?
November 11, 2019 | 990 filing | 0 Comments
To some, the simple idea of IRS Form 990 tax software can be intimidating. It doesn’t have to be. By design, software is here to make our lives easier. Tax software has been around since the mid-1980s, and has only improved over time.
Today, tax software for nonprofits can help you file on time and with fewer errors. It can make your annual filing a smooth process instead of one fraught with anxiety. Our tools are simple, easy to understand, and insure that your non-profit filing is correct and on-time. The goal is to improve your filing so that we can take on any potential stress that comes with your Form 990 for your organization.
Long story short, tax software for your non-profit organization is here to help.
If you’re intimidated by non-profit taxes, the IRS Form 990, and tax software in general, you’ve come to the right place.
We’re here to make it simple. Why work with File990?
Tax software is a tool designed to simplify the tax filing process. At File990, we provide pricing transparency with e-filing included. As an authorized e-filer, we provide the most secure way to file your nonprofit taxes. You have access to your return at all times. We list our pricing up front, so you always know exactly what you are paying.
With File990 tax software, you can have the confidence that we provide a trustworthy site to file your non-profit taxes. In turn, we’re confident that we can deliver on making your non-profit taxes easier to file. We want to partner with you so that going forward, we’ll provide answers and solutions when you have questions and problems. We truly are here to help you get the job done.
You’ll never be late in filing your non-profit taxes when you partner with File990. Since your tax deadline is based on the fiscal year, we understand that sometimes it can sneak up on you. You are required to file five months and 15 days after the close of the fiscal year, and we’ll make certain that you’re aware of the deadline. We’ll send reminders to make sure you file on time.
Keep in mind that if you fail to file your 990 paperwork on time, you can lose your non-profit status. Although you don’t have to pay taxes on receipts for your organization, you do have to file with the Internal Revenue Service. We’ll send regular reminders when it’s time to file so you don’t have to worry about the deadline sneaking up on you.
We Keep You Up to Date
Face it: tax laws change. If you’re not staying up to date, the implications may not affect you until it’s too late to comply. That’s another reason why IRS Form 990 tax software can be not only helpful, but indispensable. We’ll keep you up to date so that you don’t miss new information that affects your organization.
For example, according to the Taxpayer’s First Act of 2019, all IRS 990 forms must be filed electronically with a fiscal year beginning after July 1, 2019. That means an authorized e-filer like File990 is not only helpful, but is also an indispensable assistant in properly filing your non-profit taxes. We’re here to make sure you succeed at staying in tax compliance while growing your nonprofit. We’ll worry about these details so that you don’t have to.
Here are other ways File990 can help you with your non-profit taxes.
The IRS Form 990N, otherwise known as the e-Postcard, is an online-only form for small nonprofits with less than $50,000 in receipts. With File990 on your side, you simply login to File990.org, enter your EIN, and walk through the steps of entering your receipts and other financial details regarding your nonprofit. Our transparent pricing makes the transaction simple, predictable, and affordable.
For the IRS Form 990EZ, also known as the short form, we can also walk you through every step of filing. The IRS Form 990EZ is for non-profit organizations with receipts between $50,000-$200,000 per fiscal year. We’ll make sure you’re using the right form and the correct Schedules for your organization.
The IRS Form 990 is the full form, and is recommended for nonprofits with receipts over $50,000. It’s not required for organizations with receipts between $50,000-$200,000, but it is an option for them if they choose not to use the 990EZ. Here at File990, we’ll be with you every step of the way as you navigate the correct form for your organization.
Here’s Where You Can Find the Most Common 990 Forms Online
Form 990: for eligible tax-exempt nonprofits with gross receipts greater than or equal to $200,000 or (2) total assets greater than or equal to $500,000 at the end of the tax year.
Form 990-EZ: for eligible tax-exempt nonprofits with gross receipts less than $200,000 and total assets at the end of the tax year less than $500,000.
Form 990-N (e-Postcard): for eligible tax-exempt nonprofits with annual gross receipts $50,000 or less.
Form 990-PF: for private foundations, either taxable or tax exempt, as well as nonexempt charitable trusts treated as private foundations under U.S. tax code.
Form 1120-POL: for certain political and other organizations who are ineligible to file 990 forms.
For more information on File990 and our resources for nonprofits, including more about the electronic postcard, the 990EZ, and the full IRS Form 990, take a look at other topics in our blog. To contact us today about help with your tax filing, email us at firstname.lastname@example.org.