For those of you that run a tax-exempt organization, did you know that the May filing deadline for Form 990-series information tax returns is quickly approaching? With this deadline quickly approaching, many tax-exempt organizations find themselves caught in a bind. In addition to minding the time to file, such filings often uncover ancillary issues for tax-exempt organizations such as payroll tax problems.
May Filing Deadline Shifted
Although their business missions are well-intentioned, and we all know they do a tremendous amount of good, tax-exempt organizations often stumble into payroll tax problems through poor management or lack of knowledge. As a side note, Form 990-series information returns and related notices are traditionally due on the 15th day of the fifth month after a tax-exempt organization’s tax year ends. In 2016, however, the date has been moved to Monday, May 16th because May 15th falls on a Sunday.