The United States Internal Revenue Service announced via their website that the deadline extensions previously announced also apply to Nonprofit deadlines for Form 990 and Form 990-PF. These are now due on July 15, 2020.
The IRS’ updated notice, Notice 2020-23, published on April 6, 2020, that gave deadline extensions to most taxpayers, also encompasses forms and their related schedules and attachments and applies to time-sensitive acts listed in Regs. Secs. 301.7508A-1(c)(1)(iv) through (vi) and Rev. Proc. 2018-58 including, for example, Form 990, Return of Organization Exempt From Income Tax, and Form 5500, Annual Return/Report of Employee Benefit Plan.
Notice 2020-23 included extended deadlines for individuals, businesses, and organizations to have the option to defer additional tax filings and payments (including 1Q & Q2 estimated tax payments) until July 15, 2020.
Anyone needing an extension until November 15, 2020, should file a form through their tax advisor. Note that any estimated tax liability payment, even with the 6-month extension dated from May 15, would still need to be remitted by the July 15, 2020 deadline.
For further assistance, please contact your Windham Brannon tax advisor or email us at email@example.com