ETAX990NBLOG

Major Changes Coming for Tax-Exempt 8868 Extension (990n Extension)

In regulation released in January 2017, the Internal Revenue Service started a new extension procedure for the organizations that are required to file Form 990, “Return of Organization Exempt from Income Tax”. Tax Exempt Organizations that need an extension at present must file a “single ”IRS 8868 Form to request the automatic six-month maximum extension of time in order to file the annual tax return. Earlier, the Tax Exempt Organizations proposed to avail a full statutory extension period,...