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Form 8868 is an Exempt Organization Tax Extension form; that is used to request an additional 6-Month filing extension to file the organization’s tax returns. Starting inA 2016, the IRS combined the 3-Month Automatic and Not-Automatic Extensions into a Single 6-Month Automatic Extension Form. Form 8868 cannot be used to extend the due date of Form 990-N. An organization is allowed only an extension of 6 Months for a tax return of the tax year. Form 8868 has to be filed on the deadline of the form used to file the organization’s tax return.
If the organization fails to file its tax return the IRS will add a late penalty fee. This fee will be added to each month after the due date. The penalty can start from 0.5% and can be as high as 25% of the amount due. However, If the tax filer provides a reasonable cause on why the filing was not done on time the IRS may or may not charge the penalty fees.
To locate the exact deadline to file your return please refer to the IRS website.
Note: The IRS suggests E-filing for nonprofits and tax-exempt organizations for Form 8868 for a quicker and more accurate process.
Note: Extension are not available for Form 990-N
Form 8868 is used by tax-exempt organizations to request a 6-month extension to file their tax return.
The deadline to file Form 8868 is the 15th day of the 5th month after the ending month of your organization’s accounting period. Please refer to the IRS link to see the exact date .
The tax period beginning date and ending date of your organization should be on the first letter that the IRS sent you. If you no longer have access to the letter, please contact the IRS at 877-829-5500
The IRS does not ask for an explanation on why Form 8868 is being filed.
No, the IRS will have the acceptance of the 8868 Forms on record and will not be required to have the form attached with any initial tax return.
Tax2efile sends an e-mail confirmation when the form has been submitted. Tax2efile will also send an e-mail with any status updates on the form that was submitted.
Tax2efile does not do corrections or amendments for Form 8868. If you would like to make any changes to the extension, please contact the IRS at 877-829-5500.
Tax2efile will allow you to file your Form 8868 and will transmit the form over to the IRS however, your form will get rejected due to late filling.
Form 8868 provides a 6-month extension to file an organization’s tax return.
No, Form 8868 does not support Form 990-N.
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