How to E-File as a Tax Exempt Company

Electronic or "E-Filing" of tax returns saves money and time. It also provides you with the assurance that the IRS has received the return. The IRS has approved the 990 forms to be available through E-File for tax exempt non profit organizations and charities. Use E-File to file a tax return for a non profit organization to insure your taxes are done correctly.

Difficulty: Moderately Easy

Instructions

1. Decide what form you need to file. The 990 form is used for tax exempt non profit organizations with more than $10 million in total assets and with 245 employees or more. The 990 EZ form is a short form for small tax exempt organizations that previously were not required to file returns. Use the 990-PF form for private organizations and non-exempt charitable trusts. The size of the organization does not matter if it is private or non-exempt.

2. Visit the IRS website for a list of approved companies who provide E-Filing for tax exempt organizations (see Resources below). Provide all of your information to the E-File company you choose. The E-File company inputs your information into the appropriate forms.

3. Review the forms the company provides to you. These forms look like any other tax forms. Read through them to check for any discrepancies or problems.

4. Approve the forms and instruct the company to E-File your taxes. Once your taxes are filed, the refund is normally deposited directly into your account within 10 business days.

Resources

• Review the IRS list of approved E-File organizations.