IRS Notice 2012-4: IRS Extends Deadline For Filing Form 990 – Tax-Exempt Organizations Affected

by Bruce Givner on January 30, 2012

The IRS has extended the filing deadline for IRS Form 990 until March 30, 2012 to “facilitate systems and programming changes” to their e-filing computer system. The postponement applies to tax-exempt organizations whose filing deadline is normally Jan. 17 or Feb. 15, 2012. Affected organizations do not include those with a May 15, 2012 deadline.

In addition to IRS Form 990 being unavailable, Forms 990-EZ, 990-PF and 1120-POL will not be available for e-filing between Jan. 1, 2012, and Feb. 29, 2012. The extension pertains to these forms despite whether organizations must file electronically.

The extension does not include Form 990-N e-postcards, filed by the smallest of exempt organizations.

Subjected organizations may instead file electronically between March 1 and March 30, 2012, or may file on paper even if otherwise required to e-file. Organizations required to e-file that instead file on paper must simply cite the notice in response to any system-generated request for explanation.

Organizations with an initial due date or first three-month extension date that lies during the postponement interval are not required to file the Extension of Time to File an Exempt Organization Return, IRS Form 8868. However, if an organization has already been granted two, three-month extensions, it may not receive further extensions but will be pardoned from a late-filing penalty if forms are filed by March 30, 2012. As specified in the Notice, a reasonable-cause statement may be attached to returns to avoid receiving a system-generated penalty notice.

For help with all complex IRS forms and all income tax planning needs, contact Givner & Kaye. (310) 207-8008

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