IRS Extends Filing Deadline for Form 990

The Internal Revenue Service (IRS) released IRS Notice 2020-23 on April 9, 2020, providing further relief to filing and tax payment deadlines. Previous IRS Notice 2020-18 did not include informational returns such as Form 990, Form 990-EZ and Form 990-PF, and also did not include relief for filing and/or payment due dates other than April 15, 2020.

The new notice extends the filing deadline and tax payment due date for any filing and/or payment due on or after April 1, 2020, and before July 15, 2020, to July 15, 2020, without the accrual of interest and penalties. This date range applies to original due dates, extended due dates and quarterly estimates.

The July 15, 2020, deadline is automatic, and no extension Form or contact with the IRS is required to apply. If additional time is needed, an extension can be filed by July 15, 2020, but the extended due date will not extend past the statutory or regulatory due date. For example, a tax-exempt organization with a Dec. 31, 2019, year-end will have an original due date of July 15, 2020, with an available extension to Nov. 15, 2020, if Form 8868 is appropriately filed.

This Notice also applies to additional forms related to tax exempt entities, including Form 990, 990PF, 4720, 5227 and 5500.

Organizations should evaluate the filing and tax payment deadlines for states filings separately. For more information, please contact us at tax@dhg.com

ABOUT THE AUTHORS

Mark Nicolas
Managing Partner, Non-profit, Education & Government
Mark.Nicolas@dhg.com

LaKrisha Watson
Manager, DHG Tax

tax@dhg.com

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