Many tax-exempt organizations must file information returns by May 16, 2022

IRS Tax Tip 2022-69, May 4, 2022

Even though organizations like charities and foundations may be tax-exempt, the IRS still requires them to file certain information every year. For many of these exempt organizations, the deadline to file their 2021 information return is Monday, May 16, 2022.

Here are the forms they may need to file, depending on the size and type of organization:

Mandatory electronic filing

Tax-exempt organizations must file their forms electronically. E-filing reduces processing time, making compliance with reporting requirements easier.

Here are a few things organizations should know about filing:

  • The IRS will reject incomplete or incorrect returns. Organizations should check that they're using the right return, have fully completed it and don't have missing schedules.

Extension of time to file

If an organization can't make the May deadline, they can request a 6-month automatic extension by filing Form 8868, Application for Extension of Time to File an Exempt Organization Return. This extension to file isn't an extension to pay any tax owed. Organizations can e-file Form 8868 for faster processing.

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