If additional time is required beyond the Jextension provided by the Notice, the taxpayer may choose to file the appropriate extension form by Jto obtain an extension to file their return, but the extension date may not go beyond the original statutory or regulatory extension date (i.e., generally six months from the original due date). The relief provided by the Notice is automatic, meaning that tax-exempt organizations to which it applies need not take any action to have their filing deadlines extended to July 15, 2020.
#990 pf due date 2021 series#
Similarly, the Notice provides that the due date for exempt organization business income tax and other payments and return filings on Form 990-T, Exempt Organization Business Income Tax Return, are automatically extended in the same manner as the Form 990 series returns noted above. The extension also applies to schedules and other forms that are filed as attachments to Form 990 series returns. Specifically, that guidance noted that the Notice extension to Japplies to Forms 990, 990-EZ, 990-PF, 990-BL and 990-N when such Forms have a filing or payment deadline falling on or after Apand before July 15, 2020.
On April 14, 2020, the IRS issued additional guidance through their “Exempt Organization Update” service which confirmed the due date extension for Form 990 series returns. As such, if a tax-exempt organization has a Form 990 series return filing obligation due to be performed on or after April 1, 2020, and before July 15, 2020, that due date is automatically postponed to Junder the Notice. Tax-exempt organizations with a Form 990 series return filing obligation are Affected Taxpayers eligible for automatic relief under the Notice. which is due to be performed on or after April 1, 2020, and before July 15, 2020.” Revenue Procedure 2018-58 includes tax-exempt organizations filing annual returns (including Form 990 series returns). Under the Notice, the term Affected Taxpayer includes “any person performing a time sensitive action listed in. Notice 2020-23 (the “Notice”) postpones certain due dates for “Affected Taxpayers.” In order to qualify for relief, a taxpayer must fall into the definition of Affected Taxpayer given by the Notice. You can find additional information on Coronavirus-related relief at our Coronavirus Resource Center here. This alert will discuss the significance of Notice 2020-23 for tax-exempt organizations. The Internal Revenue Service (the “IRS”) recently issued Notice 2020-23 and related guidance which postpones the due date for a wide variety of federal tax returns, forms, schedules and tax payments.
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