Latest news with #IRS-authorized
Yahoo
13-05-2025
- Business
- Yahoo
Tomorrow Marks Major Tax-Exempt Deadline: ExpressExtension Helps Nonprofits File Form 8868 to Extend 990 Series Deadlines
Tax-exempt organizations can quickly file Form 8868 through ExpressExtension by May 15 to get an automatic six-month extension and avoid IRS penalties. ROCK HILL, SC / / May 13, 2025 / Tax-exempt organizations facing the May 15 IRS Form 990 deadline still have time to request an automatic extension by filing Form 8868. ExpressExtension, an IRS-authorized e-file provider, offers a fast and reliable way to file Form 8868 online and receive an additional six months to file key returns such as Form 990, 990-EZ, 990-PF, and 1041-A. Organizations that are not ready to file their original returns must submit an extension by midnight on May 15 to avoid penalties and maintain good standing with the IRS. While the extension grants more time to file, it does not extend the deadline to pay any taxes due. Who Can File Form 8868? Exempt organizations that need more time to file their Form 990, 990-EZ, or 990-T. Private foundations that file Form 990-PF or 990-T. Trustees of charitable trusts filing Form 1041-A ExpressExtension: A Trusted Solution for IRS Extension E-Filing ExpressExtension streamlines Form 8868 filing process, allowing tax-exempt organizations to complete and transmit extension requests in just minutes. Key features include: Quick, Guided Filing - A user-friendly platform to complete extensions with ease Copy Data from Previous Returns - Speeds up the process by reducing manual entry AI-Powered Help - On-screen assistance every step of the way Live U.S.-Based Support - Available by phone, email, or chat Exclusive Features Designed for Tax Professionals and High-Volume Filers ExpressExtension offers exclusive pro features designed to meet the needs of tax professionals and high-volume filers. Bulk Filing Capabilities: Tax professionals and other high-volume filers can save time by filing multiple extension requests simultaneously. Flexible Data Import: ExpressExtension offers customizable Excel templates to upload a large volume of client filing data with minimal effort. Efficient Client Management: A centralized dashboard helps tax professionals keep all client data organized and accessible. Volume-Based Pricing: ExpressExtension offers volume-based pricing options that enable high-volume filers to save more as they file more forms. To meet the May 15 deadline, tax-exempt filers are encouraged to submit Form 8868 electronically through before tomorrow. About ExpressExtension ExpressExtension is the one-stop solution for IRS Tax Extensions. As an IRS-authorized, SOC-2 Certified e-file provider, ExpressExtension has been helping businesses, individuals, and non-profit organizations to obtain IRS extensions for over a decade. Supported forms include Form 7004, 4868, 8868, and 8809. About SPAN Enterprises Headquartered in Rock Hill, South Carolina, SPAN has been developing industry-leading software solutions for e-filing and business management tools for over a decade. The SPAN Enterprises Portfolio of products includes TaxBandits, ACAwise, ExpressExtension, 123PayStubs, and TruckLogics. Please direct all media inquiries to Caleb Flachman, Marketing Manager, at caleb@ SOURCE: ExpressExtension View the original press release on ACCESS Newswire
Yahoo
12-05-2025
- Business
- Yahoo
The Biggest Form 990 Deadline of the Year (May 15) is Here: Tax990 Delivers Stress-Free Last-Minute Filing for Nonprofits
With the May 15 deadline approaching, Tax990 offers nonprofits fast, reliable filing solutions and expert support to ensure timely, accurate Form 990 submissions. ROCK HILL, SC / / May 12, 2025 / As the May 15 deadline approaches, thousands of nonprofit organizations across the country are making their final preparations to file Form 990. Tax990, an IRS-authorized e-file provider, supports organizations during this crucial period with reliable, last-minute filing options and dedicated support to ensure compliance and peace of mind. Who needs to file by May 15? Tax-exempt organizations that operate on a calendar year, from January 1 through December 31, must file their annual tax return with the IRS by May 15, 2025. This includes most public charities, private foundations, and other tax-exempt entities. Forms due, penalties, and extensions The May 15 deadline applies to a range of forms, including: Form 990-N (e-Postcard): For small nonprofits with gross receipts of $50,000 or less. Form 990-EZ: For nonprofits with gross receipts under $200,000 and total assets under $500,000. Form 990: Required for organizations with gross receipts of $200,000 or more or total assets of $500,000 or more. Form 990-PF: Filed by all private foundations. Form 990-T: Required for any exempt organization with $1,000 or more in gross income from unrelated business activities. CA Form 199: This applies to California nonprofits that obtained tax-exempt status from the Franchise Tax Board (FTB). Failing to file on time can result in daily penalties, and organizations that don't file for three consecutive years risk automatic revocation of their tax-exempt status. For nonprofits that need additional time, Form 8868 provides an automatic 6-month extension. The Tax990 Commitment Tax990 is dedicated to making nonprofit tax filing as simple and stress-free as possible through intuitive features, clear instructions, and expert support, backed by the Tax990 Commitment. Tax990 does everything in its power to ensure each 990 return gets approved by the IRS, which includes: Complimentary Extension Requests: If an organization needs more time, they can pay for their 990 upfront and file an 8868 at no additional charge and get an instant 6-month extension. Retransmit Rejected Returns: If the IRS rejects a return due to an error, Tax990 allows clients to fix the issue and retransmit at no added cost. No-Cost Amendments: If errors are discovered after IRS acceptance, clients can file up to 3 amendments at no additional charge. Money-Back Guarantee: If a return is rejected as a duplicate or cannot be fixed and retransmitted, Tax990 provides a full refund. Built for fast, accurate filing Tax990 goes beyond compliance-it's designed for convenience. With features built specifically for nonprofits, the platform enables faster preparation and greater accuracy: Option to Copy Data from Previous Returns - Even if last year's return was filed elsewhere. Easy Form Preparation - Form-based and interview-based filing options with a guided filing experience and on-screen tips. Free Schedules - Based on the data entered on the main form, Tax990 automatically includes the necessary 990 Schedules at no extra cost. Internal Audit Check - The Tax990 system incorporates built-in validations to catch common errors before submission. World-Class Customer Support - Based in the U.S. and ready to help via chat, email, or phone. AI Chatbot Assistance - Available 24/7 to answer common filing questions in real-time. With the May 15 filing deadline this week, Tax990 can help nonprofits navigate the season with confidence. Those required to file Form 990 can create a free account and get started at About Tax990 Tax990 is the premier, IRS-authorized e-file provider of nonprofit tax forms. Tax990 provides solutions for nonprofits that are required to file Form 990-N, 990-EZ, 990, 990-PF, 990-T, CA Form 199, 8868, 1120-POL, and 8038-CP with the IRS. With advanced features and affordable pricing, the goal of Tax990 is to help nonprofits file easily, so they can keep doing good. About SPAN Enterprises Based in Rock Hill, South Carolina, SPAN Enterprises has been developing industry-leading software solutions for IRS e-filing and business management tools for over a decade. The SPAN Enterprises portfolio of products includes TaxBandits, Tax990, ACAwise, ExpressExtension, and more. For all media inquiries, please contact Caleb Flachman, Marketing Manager, at Caleb@ SOURCE: Tax990 View the original press release on ACCESS Newswire Sign in to access your portfolio
Associated Press
22-04-2025
- Business
- Associated Press
Don't Miss the April 30 Deadline: Prepare Q1 2025 Form 941 Filing with Tax1099
Stay ahead of the curve! Tax1099, a leading IRS-authorized e-filing platform, reminds businesses to prepare and file Form 941 before the due date to ensure compliance and avoid costly IRS penalties. FAYETTEVILLE, AR and DALLAS, TX / ACCESS Newswire / April 22, 2025 / With the form 941 due date of April 30, 2025, fast approaching, Tax1099 encourages businesses to start preparing now to streamline their federal employment tax reporting. Form 941, the Employer's Quarterly Federal Tax Return, is critical for reporting withheld income taxes, Social Security, and Medicare taxes, and must be filed by the last day of the month following each quarter. Form 941 eFile through Tax1099 simplifies the process, offering speed, accuracy, and security. Whether you're managing a single return or multiple filings, Tax1099's intuitive platform makes compliance effortless for businesses of all sizes. Don't Forget Schedule B! For businesses with semiweekly tax liabilities, Form 941 Schedule B is required to report daily tax liabilities. E-file it alongside Form 941 to ensure full compliance. Tax1099 seamlessly handles both, so you're covered without the hassle. Form 941 Due Dates for 2025 Tax Year Businesses need to report federal withholdings from employees, including: Don't Risk Penalties-Act Now! Miss the Form 941 due date, and the IRS could hit you with fines starting at 5% of unpaid taxes per month, up to 25%, plus interest. Tax1099's all-in-one platform automates prep, validates data, and delivers flawless submissions. Trusted by over 1 million businesses, it's your ticket to fast, error-free filings by every Quarterly Form 941 due dates. Benefits of E-Filing with Tax1099 Beat the Clock-File Today! Don't let penalties sneak up. With Tax1099, you can file your Form 941 now and keep your business in the clear. Get started at About Zenwork Tax1099 Tax1099, an IRS-authorized e-filing service, simplifies tax compliance for over 750,000 businesses nationwide. Supporting 40+ federal and state-compliant forms, including Form 941, Tax1099 offers robust features like bulk filing, TIN matching, API integration, and 24/7 support. Learn more at About Zenwork Inc. Zenwork Inc., the parent company of Tax1099, is a leader in digital tax compliance. With a decade of experience, Zenwork Inc. has assisted over 750,000 businesses and 70,000 CPA firms in simplifying compliance. Learn more about Zenwork and its products at and Contact: Ed Pratt Zenwork Inc. [email protected] SOURCE: ZENWORK INC press release
Yahoo
10-04-2025
- Business
- Yahoo
Tax Day Countdown: 4 Tax Rules To Know Before Converting Your IRA Account
Roth IRAs are a popular retirement savings and investment tool, especially for those expecting to be in a higher tax bracket in retirement, because of the tax advantages of certain IRA contributions to a Roth. However, converting your Roth account also comes with immediate tax consequences that require careful planning if you are considering doing so this tax year. Learn More: Find Out: Retirement plans in the United States can get complicated, especially when you factor in taxable income or modified adjusted gross income (MAGI). Here are four tax rules to understand before you convert your IRA to a Roth account to avoid costly surprises and maximize benefits. Converting an IRA to a Roth account means moving money from traditional IRA contributions you've made or from another pre-tax retirement account into a Roth IRA. It makes all pre-tax contributions and earnings taxable during the year of the conversion. In the future, qualified withdrawals from the Roth IRA will be tax-free. 'A conversion is beneficial if you expect to be in a higher tax bracket in retirement,' said Ines Zemelman, an IRS-authorized enrolled agent, tax professional and founder and president of TFX, a tax advisory firm. 'If you are planning to retire abroad, consider cross-border tax implications.' Zemelman recommended spreading the conversions across multiple years to avoid higher tax brackets while minimizing tax liability. The ideal time for a Roth conversion is during the early retirement years, before Required Minimum Distributions (RMDs) or Social Security begin. 'It's beneficial for legacy planning, as Roth IRAs pass tax-free to heirs,' Zemelman said. 'Converting funds before retiring abroad can avoid unfavorable or double-taxation in some countries.' In addition, many employers offer in-plan Roth conversions, said Elizabeth Schleifer, a financial advisor at Armstrong, Fleming & Moore, Inc. 'Employees can transfer money from their traditional (pre-tax) 401(k) to a Roth 401(k) in the same plan,' Schleifer said. 'Employees pay taxes on the converted amount. So, it makes sense to do this if you have an unusually low-income year, either due to a large deductible expense or a drop in income.' Be Aware: A Roth conversion increases your adjusted gross income (AGI) for the year, which can affect several areas of your financial life, not to mention tax deductions. 'A higher AGI may lead to increased Medicare premiums under IRMAA (Income-related Monthly Adjusted Amount), taxation of a larger portion of your Social Security benefits or reduced eligibility for tax credits like the Child Tax Credit or the Saver's Credit,' said Arron Bennett, founder and CEO of Bennett Financials. 'These considerations should be part of an overall financial plan to ensure the conversion aligns with your broader goals.' Bennett said that incorporating other investments, such as in the oil and gas sectors, can help mitigate the tax impact of the conversion and reduce its effect on other financial areas and tax dollars you spend. 'For example, a current oil and gas investment conversion allows for 60 cents on the dollar in tax mitigation, meaning you're only taxed on 40% of the amount being rolled into the Roth IRA,' Bennett said. 'Typically, tax mitigation for these types of conversions is around 42 cents on the dollar. Once converted, the funds grow tax-free, and if specific conditions are met, withdrawals in retirement are also tax-free.' State income taxes are often applicable for Roth conversions, depending on where you live. Your location can greatly affect your ordinary income as well as your earned income. For example, Bennett said Florida and Texas don't impose state income taxes, while California or New York can impose significant state income taxes on conversions. 'It's crucial to understand your state's tax policies and factor them into your planning,' Bennett said. 'If you're planning to relocate to a no-tax state, consider postponing the conversion until after the move to maximize savings.' The bottom line is that whether it is stocks, bonds or even a retirement account, investing involves risks. However, when it comes to your tax situation there are ways to escape penalty-free, or at least lower your tax liability. If you are age 50 or older and are considering converting your traditional IRA to a Roth IRA, make sure you understand the tax rules that will help make that transition a smooth, and more affordable, one. Caitlyn Moorhead contributed to the reporting for this article. More From GOBankingRates 5 Types of Vehicles Retirees Should Stay Away From Buying 5 Cities You Need To Consider If You're Retiring in 2025 4 Things You Should Do if You Want To Retire Early 10 Cars That Outlast the Average Vehicle This article originally appeared on Tax Day Countdown: 4 Tax Rules To Know Before Converting Your IRA Account Sign in to access your portfolio
Associated Press
25-03-2025
- Business
- Associated Press
Tax1099 Urges Businesses to File 1099s, 1098s, and ACA Forms Before the March 31 Deadline
Don't miss the deadline! Tax1099, a trusted e-filing platform, is here to make filing fast, secure, and hassle-free with its advanced features. FAYETTEVILLE, AR AND DALLAS, TX / ACCESS Newswire / March 25, 2025 / As the March 31, 2025 e-filing deadline approaches, Tax1099, an IRS-authorized e-file provider, reminds businesses, tax professionals, and institutions to submit their tax forms on time to stay compliant with the IRS and avoid penalties. E-filing is not just a convenient alternative to paper filing- it ensures accuracy, efficiency, and security. With Tax1099, filing becomes facile, whether it's handling a single form or bulk submissions. Major Forms with March 31st Deadline 1099 Forms: Deadline to e-file Forms 1099-MISC, 1099-INT, 1099-DIV, 1099-R, 1099-C, 1099-K, 1099-G, and 1099-PATR with the IRS. 1098 Forms: Deadline to e-file Form 1098-T with the IRS. ACA Forms: Deadline to e-file Forms 1095-B and 1095-C with the IRS. Extension Requests: Form 8809 grants businesses and individuals a 30-day extension for filing specific federal forms. If you need an extension for Forms W-2G, 1098, and 1099, file the 8809 form before the deadline. Missing the deadline can result in IRS penalties based on the lateness of the filing. It can range from $50 to $290 per form, depending on when the form is submitted. Therefore, consider an e-filing solution that automates tax form preparation, validation, and submission for multiple return types-all at one place. Tax1099 is trusted by over 1M+ businesses for faster, smoother, and accurate filings. The platform provides clear, step-by-step instructions and prompts, ensuring you always know what information is required. For businesses handling multiple forms, Tax1099's bulk upload feature helps save time by allowing efficient, large-scale submissions. It also integrates with popular accounting software (like QuickBooks, Sage, etc.), making it easy to import data directly without manual entry. Additionally, Tax1099 enables collaborative work by allowing you to invite team members to your account. Assign roles, set permissions, and create user profiles with specific tasks for a smooth and efficient workflow. Security is a top priority-your data is safeguarded with 256-bit bank-grade encryption, TIN masking, and two-factor authentication, ensuring maximum protection. So, don't wait until the last minute-file your IRS forms today to avoid those hefty penalties! About Zenwork Tax1099: Tax1099, an IRS-authorized digital tax compliance service, simplifies tax filing for over 750,000 businesses nationwide. Offering 40+ federal and state-compliant electronic returns, 12+ data management integrations, API integration, secure document management, Bulk filing, TIN Matching, and 24/7 customer support, Tax1099 is a leading tax filing solution provider. About Zenwork Inc: Zenwork Inc., the parent company of Tax1099 and backed by Spectrum Equity, is a key player in digital tax compliance and regulatory reporting technology. With a decade of experience, Zenwork Inc. has assisted over 750,000 businesses and 70,000 CPA firms in simplifying compliance. Learn more about Zenwork and its products at and . Contact: Ed Pratt
