fbpx

< Back to Thought Leadership

Tax Filing Deadlines Have Been Extended for Not-For-Profit Organizations

This article was originally published on March 30th and is being updated as new information becomes available.

The Internal Revenue Service (IRS) announced on April 9, 2020, that informational tax return due dates have been extended in light of the coronavirus pandemic. Not-for-profits with filing deadlines of April 1, 2020 to July 14, 2020 now have due dates of July 15, 2020. The extension is applied automatically; organizations do not need to call the IRS or file any extension forms in order to utilize the extended deadline. However, organizations that will require additional time past the due date of July 15 will need to file the normal extension forms. Those extensions will not be extended past the normal extended filing date.

For example, an organization with a December 31 year-end (with a normal due date of May 15) now has until July 15 to file their December 31, 2019 returns, and no further action needs to be taken to request this extension; it is automatic. If an organization needs to take advantage of the normal extended due date, its extended due date would still be November 15, 2020, and would require the usual extension form to be filed.

For the recent tax update and listing of extended forms, click here.

Other resources for not-for-profit organizations:

If you have questions about your organization, please contact your local Blue & Co. advisor today.

Please continue to monitor our Coronavirus Resources and Information Page for updates.

Join us for the Construction Summit!

You’re Invited Join us virtually for the 2nd Annual Construction Industry Summit on Thursday, October 21 from 9:00 AM – Noon.  Sessions to look forward to: Keynote Speaker: Dr. Anirban Basu will supply economic analysis of the pre-pandemic and pandemic world, and also provide a forecast for the post-pandemic world. Dr. Basu is the Chairman & CEO […]

Learn More
Summary of Ways and Means Committee Proposed Tax Changes

Ways and Means Proposed Tax Increases

By: Derek Gray, CPA, Director On the morning of September 13, 2021, the House Ways and Means Committee released details of proposed tax increases totaling $2.9 trillion. The revenue raised from these increases, along with an additional $600 billion coming from dynamic growth, is intended to pay for the Democrats’ proposed $3.5 trillion budget bill. […]

Learn More
Phase 4 of PRF Funding

Phase 4 of PRF Funding

Friday afternoon HRSA announced Phase 4 of PRF funding and the $8.5B of American Rescue Plan (ARP) payments as well as the outline of how those payments will be administered. Payments between the two programs are anticipated to be $25.5B and will be made to providers who submit an application detailing lost revenues and COVID-19 […]

Learn More