IRS Form 8868 Instructions for NonProfits and Tax-Exempt Organizations- Updated December 08, 2022 - 8.00 AM Admin, ExpressExtension
Nonprofits and tax-exempt organizations must file Form 990 annually with the IRS before the 15th day of the 5th month. In case you need more time to file your 990 tax return, you can use Form 8868. The following topics will be more about the extension Form 8868 and the line by line instructions that help you complete the Form.
What is the purpose of IRS Form 8868?
The purpose of Form 8868 is to request an automatic extension period of 6 months by nonprofits and tax-exempt organizations to file their information return. Also, the trustee of a trust who is required to file Form 1041-A or Form 5227 can use Form 8868 to request an extension of time to file those returns.
Who can file Form 8868?
Form 8868 is applicable for Nonprofits and Tax-Exempt Organizations and it includes:
When is the Deadline to File Form 8868?
Deadline to file Form tax exempt organization returns is actually due by the 15th day of
the 5th month.
Organizations that need more time must file this extension Form 8868 by the same date the original return is due.
For organizations that follow the calendar year, the form is due by May 15, 2023.
Step by Step Instructions to Complete Form 8868
Here is the step by step instructions to complete Form 8868.
The first steps in filling out the form require some basic information about the organization.
Name of exempt organization or another filer
The name of the filing organization (exempt or nonexempt) must be entered.
Number, street, and room or suite no.
Enter the suite, room, or another unit number after the street address against the address line. If the organization has a P.O. Box number, then it can be entered in the line instead of the street number.
In case a third party (such as an accountant or an attorney) receives the mail(s) on behalf of your organization, then enter “C/O” followed by the third party’s name and street address or P.O. box.
City, town or post office, state, and ZIP code
Enter the address of the organization. In case of a foreign address, enter the information in the following order: City, province or state, and Country(along with the postal code)
in the line.
The next step is to enter the Return Code of the Application for which your organization needs to file a Form 8868 extension form. For instance, if your organization needs an extension time to file its Form 1041-A, then you must enter 08 as the
Taxpayer identification number (TIN)
Every organization will have a unique TIN number. If filing as an exempt organization (corporations, private foundations, and trusts) enter your taxpayer identification number.
This line requires the following information:
- The period until which the organization needs a 6-month extension.
- Tax year(Fiscal or Calendar) followed by the organization.
The response made by the organization regarding the tax year in line 1 will reflect in line 2 of the Form. Check the appropriate box(s) in line 2. If you checked the box, Change in accounting period, make sure the organization have applied for approval to change its tax year unless certain conditions have been met.
Line 3a and 3b
Before starting with lines 3a and 3b, the organization must check the return to be filed and its instructions to estimate the amount of tentative tax reduced by any nonrefundable credits.
- If filing Forms 990-BL, 990-PF, 990-T, 4720, or 6069, enter the tentative tax reduced by any nonrefundable credits in line 3a.
- If filing Forms 990-PF, 990-T, 4720, or 6069, enter the tentative tax reduced by any nonrefundable credits in line 3b.
Line 3c (Balance Due)
Subtract line 3b from line 3a and enter the amount (balance due) in line 3c.
To avoid interest and penalties, send the full balance due amount by the original due date of the return by using EFTPS (Electronic Federal Tax Payment System).
How to file Form 8868?
Filing Form 8868 can be done electronically or by sending the application in paper format. However the IRS suggests filers to file electronically for a quick processing and to get an instant approval on the extension.
Looking to paper file form 8868? Here is the mailing address to send your Form 8868.
Advantages of E-Filing Form 8868 with ExpressExtension
- Automatic Extension
- Instant IRS Approval
- Instant Email/Text Notification
- Re-transmit rejected return for Free
- U.S Based Customer Support
Choose ExpressExtension to E-file your 8868 Forms in minutes
E-filing Form 8868 can be done with ExpressExtension with a few simple steps:
- Enter your organization details
- Choose the appropriate IRS form which you’re applying
for an extension
- Choose the organization's tax year
- Review your return and fix errors, if any
- Pay and e-file 8868 to the IRS
See why our customers choose us year after year
ExpressExtension - The Smart Business Owners Choice
Very easy to navigate and complete in a relatively short period of time. I was notified via email that the extension request was accepted by the IRS within seconds of submitting the form. Really, Seconds not Minutes.
- Shawn M Q, Nevada
Convenient and easy to use. Also love the email and text features, Thorough process, Sound explanations for each stage (help texts), payment options and Dashboard.
- Tatchanna C, Georgia
Easy navigation and the information from last year is saved into the system so that I don’t have to type it all in again. Live chat meant live chat, and fast.
Thank you for that.
- Wesley W, Illinois
This is a life-saver! For the first time in 44 years I need to request an extension on my business taxes and I had no idea how I was going to get the Form 7004 from Louisiana on March 13 to Utah by March 15. Thank you for this service.
- Susan D, Georgia
This is absolutely the easiest way to manage tax filings for a small business. We have used Express Extension for 1099s and extensions, and it takes all the pressure out of the process.
- Laura O, Texas
Storing my info from the past so the process is quick and easy and I did not have to look up anything in my records to complete. The email reminder saved me from missing an important filing deadline! Thanks!
- Martin M, New York