Tuesday, March 8, 2011

What is Non-Profit Tax Extension (Form 4868)?

What is Non-Profit Tax Extension?


It’s Official! Non-Profit and Tax-Exempt Organizations can now extend their 2010 tax extensions through www.expressextension.com. Express Extension is known for offering quality service as well as a quick and easy way to extend the filing date for Personal and Business Returns. 

Using IRS Form 8868: “Application for Extension of Time to File an Exempt Organization Return” Non-Profit and Tax-Exempt Organizations can now file for an extension of their filing date. The process may be slightly different than that for Personal and Business Extensions, but it is just as simple. 

There are several distinct differences of Filing a Form 8868 rather than a Personal or Business Return Extension. For Instance, A Non-Profit Organization must provide the name of the person in charge of the books. They must also provide a Group Exemption Number if the organization is filing a group return. 

A significant difference of Filing the 8868 Non-Profit Extension is that it consists of two parts. Part One is an automatic 3 month extension, while Part 2 is an additional 3 month extension. It should be noted that an organization can only file Part 2 if it has already been granted an Automatic 3-month Extension on a previously filed 8868. 

Our Site allows Exempt Organizations to file either Part One or Part Two. An organization can even file Part Two through our website if it did not file part one with us (It is still necessary that a Form 8868 Part One was Filed).

In the end, we will do the same thing we do with Personal and Business Extensions. We'll check over your form, make sure it's clear of basic errors. After that, we'll submit your tax extension electronically to the IRS. We're an authorized IRS e-file provider and our site operates on a secure network, so your information is safe.

Depending on volume, you could hear back from the IRS in less than an hour. We'll keep you updated with any new information from the IRS via email.