Effective April 9, 2020, the IRS extended the due date of Form 990 series annual information returns per Notice 2020-23. This action was taken in direct response to the COVID-19 pandemic. The deadline for tax-exempt organizations that file the following returns was extended to July 15, 2020:
For a full list of relief to individuals, businesses, and tax-exempt organizations, visit this IRS resource.
Nonprofit organizations that have taken advantage of the federal relief should heed the approaching deadline and complete filing their returns on or before July 15. To date, the IRS has not provided an indication of additional time to file beyond this date.
We encourage nonprofit organizations to contact their tax preparer immediately to ensure timely completion of their Form 990 tax return.
Impact on State Charitable Solicitation Reporting Deadlines
In response to the federal extension of the Form 990 deadline, many state charitable solicitation authorities issued similar relief. The deadlines for annual charitable solicitation renewals and reports have likewise been extended to July 15, 2020, for many organizations.
For more information, please review this resource on how state deadlines have been impacted by COVID-19.
Timely filing of state registrations is important to maintaining the right to solicit in a given state. Because Form 990 is usually submitted with annual registration materials, nonprofits should devote adequate resources to ensuring both state and federal requirements are met.
State deadlines for charitable renewals have always been related to the Form 990 deadline. This year is no different. As organizations innovate their fundraising efforts in light of COVID-19, it’s so important not to lose sight of compliance responsibilities.
For assistance with state registration and reporting, contact us today to discuss a solution for your organization.