The IRS Mandates E-Filing of Form 990-EZ.
What is IRS FORM 990-EZ?
IRS Form 990-EZ is a short form for annual information returns and must be filed by nonprofit organizations to maintain their tax-exempt status. Form 990-EZ can be filed by nonprofit organizations, non-exempt charitable trusts, and section 527 political organizations to provide the IRS with the information
required by section 6033.
" If an organization has gross receipts less than $200,000 and total assets at the end of the year are less than $500,000, then the organization is required to file Form 990-EZ, instead of filing Form 990."
Once Form 990-EZ is filed, it must be made available for public inspection. Therefore, it is important to not include private information such as a Social Security Number on an IRS 990-EZ. Documents subject to disclosure include schedules and attachments filed with the form.
IRS 990-EZ Form Deadline
After the organization's accounting period ends, a form 990-EZ must be filed within the 15th day of the 5th month. If the organization was liquidated, dissolved, or terminated, the return must be filed by the 15th of the 5th month after the date of liquidation, dissolution, or termination. If the organization changes its accounting period, it must file a Form 990-EZ for the short period resulting from the change.
Note: If the deadline falls on a Saturday, Sunday, or federal holiday, the next business day is considered the deadline.
How to E-File Form 990-EZ Electronically?
Enter the Organization Details
Select the tax year
Enter Form data
Review the Form
Transmit it to the IRS.
Ready to File Form 990-EZ Electronically
for the 2021 Tax Year?
IRS 990-EZ Form Amended Return
An organization that needs to update or change information on a previously filed 990-EZ return can file an amended return. The amended return was be made available for public inspections for the next 3 years.
To amend a 990-EZ return, the organization must file a new return. The organization must complete the entire return, not just the sections they need to update or correct.
IRS 990-EZ Form Late Filing Penalties
The IRS asseses penalties for failure to file in three ways.
IRS 990 EZ - Extension Form 8868
Exempt organizations that need more time to file Form 990-EZ can file an Extension Form 8868. Form 8868 provides a
6-month extension of time to file tax-exempt returns.