Wondering how to file Form 8868? You have come to the right place. This guide will help ensure you’re not among the 16% of nonprofits nationwide that lose their tax-exempt status each year. By correctly completing Form 8868, you’ll secure an extension for your filing deadline, giving you more time to submit Form 990 and helping maintain your tax-exempt status. Follow these five steps to learn how to file Form 8868 and secure your extension before the deadline.
What is Form 8868 and Who Needs It?
IRS Form 8868 is a form used by tax-exempt organizations to request an automatic 6-month extension of time to file their annual return. This extension allows organizations to delay their filing without incurring penalties, as long as the form is filed before the original deadline. Most tax-exempt organizations, including nonprofits, charities, and churches, need this form if they need extra time for filing IRS Form 990, 990-EZ, or 990-PF.
Step-by-Step Guide: How to File IRS Form 8868
Filing Form 8868 is a straightforward process, but you need to follow each step carefully to ensure timely filing and maintain your tax-exempt status.
Step 1: Gather Your Information
To complete Form 8868, you’ll need some basic information, including:
Before you start filing form 8868, make sure you have all the necessary information for your tax-exempt organization. You’ll need:
Your organization’s EIN (Employer Identification Number)
The date your original return was due
Your organization’s legal name and address
The IRS form number you need an extension for (Form 990, 990-EZ, etc.)
Additionally, if your organization has already filed for one extension and needs another, you’ll need to provide additional details in the form.
Step 2: Complete the Form
Part I: Automatic Extension Request
- Box 1: This is where you check the box if you’re requesting the automatic 3-month extension.
- Box 2: You’ll need to provide the Tax Year for which the extension applies.
- Box 3: The total number of days your organization is requesting an extension, up to the maximum allowed.
Part II: Additional Extension Request (if needed)
If you need more than the 3-month extension, you’ll fill out Part II. For example, if your organization needs a second extension of up to 6 months, you’ll need to provide an explanation.
Step 3: Submit Form 8868 Online or by Mail
You can submit Form 8868 either electronically or by mail:
- Electronically: The IRS encourages electronic filing for faster processing. You can file Form 8868 electronically through the IRS e-file system or using an IRS-authorized e-file provider. Make sure you receive a confirmation email after filing.
- By Mail: If you choose to submit the form by mail, you’ll need to send it to the correct IRS address. The mailing address depends on your organization’s location. You can find this information on the IRS website or in the form’s instructions.
Step 5: What to Do After the Filing
Once Form 8868 is filed, the IRS will typically grant an automatic extension. However, it’s a good idea to keep a copy of the form and any confirmation you receive from the IRS (whether electronic or by mail).
If you do not receive confirmation, follow up to ensure your extension was processed. Failure to file your form on time—even with an extension—could result in penalties.
How Crowded Can Help
With Crowded’s AI-generated 990 forms, you will never miss your deadlines or need to fill form 8868 to begin with. We provide full visibility into your nonprofit’s tax-exempt status, ensuring you stay on top of compliance without the stress. Crowded’s AI generated annual 990 forms is a great tool to file 990s, assisting with minimizing tax liabilities and improving your nonprofit’s financial practices for future filings.
Your questions, answered.
What is IRS Form 8868 and why do I need it?
IRS Form 8868 is used by tax-exempt organizations to request an automatic 6-month extension for filing their annual return (e.g., Form 990, 990-EZ, or 990-PF). It allows organizations extra time to complete their tax filings without risking penalties or losing their tax-exempt status.
How do I file IRS Form 8868 online?
Filing Form 8868 can be done electronically through the IRS e-file system, which is the most efficient way to ensure timely submission. You can also file the form by mail, but e-filing is faster and more secure.
Can I file Form 8868 for any tax-exempt return?
Form 8868 is only for specific tax-exempt returns, including IRS Form 990, 990-EZ, and 990-PF. It does not apply to other tax forms, so ensure you are filing the correct return before requesting an extension.
How long is the extension granted by IRS Form 8868?
If you file Form 8868, your organization will receive an automatic 6-month extension. This gives you more time to file your annual return and avoid late filing penalties.
What happens if I miss the deadline for filing Form 8868?
If you miss the deadline for filing Form 8868, your organization may lose its tax-exempt status and be subject to penalties. To avoid this, be sure to submit the form before the original filing deadline.
Is there a fee for filing IRS Form 8868?
There is no fee to file IRS Form 8868. However, keep in mind that failing to file your return on time (even with the extension) can result in penalties and interest charges.
What documents do I need to file Form 8868?
To file Form 8868, you’ll need the following:
Your organization’s EIN (Employer Identification Number)
The due date of your return
Your tax-exempt status details
Any previous IRS correspondence or notifications related to your return
Can I file From 8868 if my nonprofit has already missed the deadline?
Yes, you can file Form 8868 to request an extension, but it must be submitted before the original filing deadline to avoid penalties. If the deadline has already passed, you may still be eligible for an extension depending on your circumstances, but be aware of potential penalties.
Does IRS Form 8868 affect my nonprofit's tax exempt status?
Filing Form 8868 does not affect your tax-exempt status as long as your annual return is filed within the extended deadline. However, failure to file on time could lead to the loss of tax-exempt status.
