EXEMPT ORGANIZATIONS FILING DEADLINE: DON'T RISK LOSING YOUR EXEMPTION

Written By Kevin McKernan

MONDAY, MAY 15, 2023, is the deadline for calendar-year exempt organizations to file certain returns. For tips on which forms to file and how to prepare your annual filings, please view the Form 990 Overview Course. 


As a reminder, under Internal Revenue Code Section 5033(j), organizations that fail to file their Form 990-series return or notice for three consecutive years automatically lose their exemption. 


Extension of Time to File: 

Tax-exempt organizations that need additional time to file beyond the May 15 deadline can request a 6-month automatic extension by filing Form 8868, Application for Extension of Time to File an Exempt Organization Return. In situations where tax is due, extending the time for filing a return does not extend the time for paying tax. The IRS encourages organizations requesting an extension to electronically file Form 8868. 

This document is designed for general information only. The information presented in this document should not be construed to be formal legal or tax advice nor the formation of a lawyer/client relationship. 


For more information on this and other topics, please contact Kevin via any of the channels listed below:

📧 kevin@kmckernan.com  | 📞 718-317-5007


Kevin McKernan
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