Filing Deadline Extended for Certain Exempt Organizations

The IRS announced that Exempt Organizations with a filing due date in January or February will have until March 30, 2012 to file their annual returns. The extension is the result of the IRS e-file system that handles these returns being offline for maintenance.

The extension applies to Forms 990, 990-EZ, 990-PF, and 1120-POL as well as extensions for those forms which are due at the same time. It generally applies to organizations with a fiscal year ending on Aug 31 or Sept 30, 2011 and those that have already obtained the initial three month extension.

If the organization has already obtained a first extension that expires during the e-file blackout and intends to apply for a second three-month extension the second extension should be timely filed on paper. Penalty relief is available to those affected by this issue under Notice 2012-4.

Form 990-N, which is filed by smaller organizations, was not granted the extension and should file by its original due date.

As always, please contact a Hertzbach professional if you have questions.