Welcome to EO Radio Show – Your Nonprofit Legal Resource. In this episode, Cynthia Rowland focuses on the importance of meeting the federal tax filing deadlines that apply to charitable organizations.
Most charitable organizations that are exempt from income tax are required to file a federal return on the 15th day of the fifth month after the close of their fiscal year. So for nonprofits that use the calendar year for accounting purposes, that is May 15.
If you haven’t See more +
Welcome to EO Radio Show – Your Nonprofit Legal Resource. In this episode, Cynthia Rowland focuses on the importance of meeting the federal tax filing deadlines that apply to charitable organizations.
Most charitable organizations that are exempt from income tax are required to file a federal return on the 15th day of the fifth month after the close of their fiscal year. So for nonprofits that use the calendar year for accounting purposes, that is May 15.
If you haven’t filed yet, don’t despair. Filing for an extension is fairly easy. I’ll also touch on what penalties can apply if your organization fails to meet these filing requirements.
Link to episode resources: https://www.fbm.com/exempt-organizations/publications/nonprofit-basics-federal-tax-filing-deadlines-and-penalties/
If you have suggestions for topics you would like us to discuss, please email us at eoradioshow@fbm.com.
Additional episodes can be found at EORadioShowByFarella.com.
DISCLAIMER: This podcast is for general informational purposes only. It is not intended to be, nor should it be interpreted as, legal advice or opinion. See less -
