COVID-19 Update: Form 990-T Extension

(from NBOA) On Thursday, April 9, 2020, the Internal Revenue Service issued an extension relief notice (Notice 2020-23) to authorize the postponement of specific time-sensitive acts for affected taxpayers including annual returns (including Form 990 series) of exempt organizations. Filing and tax payment requirements due April 1 through July 15, 2020 will have an automatic extension until July 15, 2020. The notice explicitly includes Form 990-T tax payment and filing obligations. See more details in this alert from blumshapiro: Forms 990 and 990-T Due Between April 1 and Before July 15, 2020 Extended to July 15, 2020.

If you have questions or concerns, contact Jennifer Osland Hillen, NBOA's vice president of professional development and business affairs, at jennifer.hillen@nboa.org.