E-File Form 990-T by the May 16th Deadline to Report Unrelated Business Income

ROCK HILL, SC / ACCESSWIRE / May 11, 2022 / The May 16th deadline for tax-exempt organizations to file their 990 series returns is only a week away! If a tax-exempt organization has unrelated business income, they may be required to file Form 990-T as well!

Exempt organizations that have $1,000 or more of gross income from an unrelated business must file Form 990-T, Exempt Organization Business Income Tax Return (and Proxy Tax Under Section 6033(e)). The obligation to file Form 990-T is in addition to the obligation to file the annual information return, Form 990, 990-EZ, or 990-PF.

Organizations that operate on a calendar tax year have a May 16, 2022 deadline for Form 990-T.

ExpressTaxExempt is here to provide non-profit and tax-exempt organizations with the best features, resources, and live support on the market to ensure their 990-T filing experience is simple and efficient.

Form 990-T Supported Forms

When filing Form 990-T with ExpressTaxExempt, Schedule A will be auto-generated based on the information you provide on your return and can be attached for no additional cost. ExpressTaxExempt also supports Form 990-T attachments including, Form 8995, Form 4562, Schedule D (Form 1041), Schedule D (Form 1120), Schedule I (Form 1041), Form 4797, and Form 8949.

Internal Audit Check

ExpressTaxExempt's internal audit feature will quickly identify IRS instruction errors in clients' returns. Once clients are notified of their form errors, they will be directed to correct this information before transmitting the return to the IRS. This feature helps promote the transmission of error-free returns. If you e-filed a 990 series return with ExpressTaxExempt and it was rejected for IRS errors, you can re-transmit your return for free.

Additional Assistance

ExpressTaxExempt's live customer support team is available via phone, email, and chat and is here to assist clients during their filing process. ExpressTaxExempt will also provide clients with frequent updates regarding the filing status of their return.

Tax Professionals

ExpressTaxExempt provides custom e-filing solutions for tax professionals. When e-filing clients' returns with ExpressTaxExempt, tax professionals can take advantage of bulk upload options, pricing packages, and the ability to manage multiple EINs within a single account.

Co-founder and CEO of SPAN Enterprises, Agie Sundaram, stated, "With our seamless e-filing process and exceptional live customer support, our team is ready to assist nonprofit organizations that need to file Form 990-T for the May 16th deadline."

To begin filing Form 990-T with ExpressTaxExempt, create your free account at ExpressTaxExempt.com! ExpressTaxExempt also supports e-filing for Forms 990, 990-EZ, 990-N, 990-PF, 8868, and CA 199.

About ExpressTaxExempt

ExpressTaxExempt is a SOC 2 certified, IRS-authorized e-file provider for IRS 990 series returns. ExpressTaxExempt provides simple e-file solutions for tax-exempt organizations, foundations, and tax professionals.

About SPAN Enterprises:

SPAN Enterprises is the parent company of ExpressTaxExempt and a variety of other business management and e-filing applications. Located in the small city of Rock Hill, SC, SPAN Enterprises proves that big ideas grow in small towns.

With existing business management and e-filing applications such as TruckLogics and ExpressTruckTax, and TaxBandits, SPAN Enterprises is at the forefront of innovative applications. Learn more at https://www.spanenterprises.com.

For any media inquiries, please reach out to Kate Marshall, Content Writer at kate@spanenterprises.com.

SOURCE: SPAN Enterprises