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    Month: April 2022

    990EZ Must Now Be E-Filed

    Calendar-year exempt organizations must file Forms 990 or 990EZ or a request for extension for the 2021 tax year on or before May 16, 2022.  Beginning with the 2021 tax year, the IRS is requiring entities eligible to file Form 990EZ, Short Form Return of Organization Exempt from Income Tax, to electronically file their returns.  This e-file requirement applied to exempt organizations that file...

    Extension Reminders

    As practitioners prepare extensions for clients as we approach the upcoming filing due date, it is important to warn clients that such extensions require the use of estimates for amounts that are not yet known.  Practitioners should warn clients in writing, indicating that differences between actual amounts and estimates could cause the client to owe additional taxes, including penalties and in...