File Form 990 EZ Online for Nonprofits with Free Schedules

Form 990-EZ, Return of Organization Exempt from Income Tax filed by certain tax-exempt organizations, nonexempt charitable trusts, and section 527 political organizations to report their financial information, activities, and certain other information required by the IRS.

By filing Form 990-EZ every year, organizations ensure they remain compliant with the IRS and transparent with their donors and potential donors.

Generally, Form 990-EZ is filed by tax-exempt organizations whose gross receipts are less than $200,000 and total assets are less than $500,000 for the respective tax year.

The due date to file Form 990-EZ is the 15th day of the 5th month after the organization’s accounting period ends. Therefore, if your organization follows a calendar tax year, the deadline to file Form 990-EZ is May 15.

Does your organization follow a fiscal tax year? Find your 990-EZ due date.

Here’s the breakdown of Form 990-EZ:

• Part I - Revenue, Expenses, and Changes in Net Assets or Fund Balances
• Part II - Balance Sheets
• Part III - Statement of Program Service Accomplishments
• Part IV - List of Officers, Directors, Trustees, and Key Employees
• Part V - Other Information
• Part VI - Section 501(c)(3) Organizations Only

Yes! As per the Taxpayer Act of 2019, Form 990-EZ must be filed electronically for a tax year ending on or after July 31, 2021.

Organizations generating $1000 or more income from any unrelated businesses must file Form 990-T to report that information.

With Tax 990, you can e-file Form 990-T easily and report your organization’s UBI to the IRS.

Yes! If your organization needs more time to file Form 990-EZ, you can e-file Form 8868 to extend your 990-EZ deadline. The IRS will provide an automatic 6-month extension when you file Form 8868 on or before the original deadline.

This means if your organization follows the calendar tax year and filed an extension, your extended 990 deadline will be November 15.

If you fail to file Form 990-EZ on or before the deadline, the IRS will impose late filing penalties on your organization.

The penalty amount ranges between $20/day - $120/day for each delayed day, based on your organization’s gross receipts.

You can change any information in your original 990-EZ form except for the organization's EIN. However, you can only make changes to your form after it has been accepted by the IRS.

If you filed your initial form 990-EZ with Tax990, all the field values from the original form will automatically be copied to the amended form when you click the "Amend this Return" option. To make changes, simply click the "edit" option under the relevant section, update the information, and submit it to the IRS.

If you previously filed the 990-EZ form through a different provider, you can still make changes to it using Tax 990.

The Internal Revenue Service assigns a four-digit number called a Group Exemption Number (GEN) to the central or parent organization of a group that has a group exemption letter. It is important to note that only organizations included in a group exemption are eligible to receive a GEN from the IRS

Form 990:

Nonprofits that have gross receipts more than or equal to $200,000 (or) assets greater or equal to $500,000 should file Form 990.

Form 990-EZ:

Nonprofits that have a gross receipt value of less than $200,000 and total assets of less than $500,000 for their corresponding tax year should file Form 990-EZ.