Extension Announcement The Internal Revenue Service (IRS) has announced a significant extension for tax-exempt and governmental organizations filing Form 990-T. This automatic six-month extension applies to entities with unrelated business income of $1,000 or more, even if they didn't file a timely extension on Form 8868. New Deadline and Eligibility The new deadline for making elective payment elections on Form 990-T is now six months after the original due date. This relief covers taxable years ending between December 31, 2023, and November 30, 2024. Electronic Filing Waiver Additionally, the IRS has temporarily waived the electronic filing requirement, allowing paper submissions under specific conditions. Resources and Assistance To assist filers, the IRS has provided resources including instructional videos and user guides. For personalized guidance on these changes, contact Sai CPA Services for expert assistance in navigating these new regulations. Contact us : Facebook: AjayKCPA Instagram: sai_cpa_services Twitter: SaiCPA LinkedIn: Sai CPA Services WhatsApp: Sai CPA Channel Phone: (908) 380-6876 (908) 888-8900 📍 1 Auer Ct, East Brunswick, NJ 08816 #IRSUpdate #Form990T #TaxExemptOrganizations #TaxDeadlineExtension #UnrelatedBusinessIncome #NonprofitCompliance #TaxPreparationAll Rights Reserved
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