The 2022 Form 990 due date is fast approaching for tax-exempt organizations that are calendar year filers. Exempt organizations with a filing obligation must submit the appropriate version of Form 990 or an extension request by the 15th day of the fifth month following the close of their tax year. This means for organizations filing on a calendar year basis, the deadline for filing a 2022 Form 990 or submitting a Form 8868 requesting an automatic extension is Monday, May 15, 2023.
While there are a limited number of 501(c) organizations that are exempt from filing Form 990 on an annual basis (e.g., churches), the vast majority have a filing obligation. The type of Form 990 an exempt organization files depends on various factors, including size, public charity or private foundation status, and whether such organization is included in a group ruling. For organizations required to file the long-form version of Form 990, gathering all the necessary information can be quite time-consuming. If an organization is unable to complete its required forms by this year’s May 15th deadline, filing Form 8868 can extend the filing date for the 2022 Form 990 out to Wednesday, November 15, 2023. Note, if seeking an extension, it is important that Form 8868 be submitted to the IRS by the May 15th deadline.
Section 501(c)(3) organizations, and other entities classified as charities under Ohio state law, must also file annual reports with the Attorney General which are due at the same time as an exempt organization’s Form 990. If working with an accountant, it is important to make sure your accountant will also take care of this filing obligation. Many other states have similar requirements. It is important to consult legal counsel or your accountants if you have questions about these filing considerations.
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