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Last month, the IRS announced that individuals and corporations had until July 15, 2020, to file and make any required payments on their income tax returns that were originally to be due on April 15, 2020. However, at the time did not extend 990-series returns (including Form 990, 990-EZ, 990-PF, 990-T and 990-N) that were either originally due or had previously been extended until May 15.

Federal Due Dates

Fortunately, the IRS announced that same relief on April 9, 2020 for the Form 900 Series. In doing so, 990-series filers with original or extended filing due dates between April 1, 2020, and July 15, 2020 were granted an automatic extension of any required filings and payments until July 15, 2020. For those nonprofit organizations needing additional time beyond July 15, 2020, who have yet to file an extension, they will be able to do so at that time, extending the ultimate due date to the 15th day of the 11th month following their year-end.

Accordingly, new due dates for 990-series returns are as follows:

Year End

Federal 990 Series
Due Date

Federal 990 Series Due
Date With Extension

06-30-19
07-31-19
08-31-19
09-30-19
10-31-19
11-30-19
12-31-19
01-31-20
02-29-20
03-31-20
11-15-19
12-15-19
01-15-20
02-15-20
03-15-20
07-15-20
07-15-20
07-15-20
07-15-20
08-15-20
07-15-20
07-15-20
07-15-20
08-15-20
09-15-20
10-15-20
11-15-20
12-15-20
01-15-21
02-15-21

In addition, for nonprofit organizations that generate unrelated business income (UBI) and are required to make estimated tax payments for Form 990-T, they will be able to use their 2018 tax liability to determine the safe harbor amount for their 2020 estimated tax payments.

State Due Dates

For nonprofit organizations that generate unrelated business income (UBI), many states, including Illinois have extended their filing deadlines for UBI tax returns to be consistent with the IRS deadlines noted above. However, unlike the IRS which has also extended the due dates for any federal estimated tax payments until July 15, 2020, Illinois has not extended the due dates for estimated payments.  As such for calendar year-end organizations, the first and second quarter 2020 estimated tax payments remain due on April 15, 2020, and June 15, 2020, respectively. The State of Illinois, however, will permit organizations to use their 2018 tax liability to determine the safe harbor amount for their 2020 estimated tax payments.

Unfortunately, for those nonprofit organizations registered as charitable organizations, many states, including Illinois, have yet to extend their charitable filing deadlines. For now, that means charitable organizations who file form AG-990-IL with the Illinois Attorney General’s Office are still subject to the following schedule.

Year End

AG-990-IL First
Extension
Due

AG-990-IL Second
Extension Due

AG-990-IL Final
Due Date *

06-30-19
07-31-19
08-31-19
09-30-19
10-31-19
11-30-19
12-31-19
01-31-20
02-28-20
03-31-20
12-31-19
01-31-20
02-29-20
03-31-20
04-30-20
05-31-20
06-30-20
07-31-20
08-31-20
09-30-20
02-29-20
03-31-20
04-30-20
05-31-20
06-30-20
07-31-20
08-31-20
09-30-20
10-31-20
11-30-20
05-15-20
06-15-20
07-15-20
08-15-20
09-15-20
10-15-20
11-15-20
12-15-20
01-15-21
02-15-21

* Must be submitted with copy of applicable 990-series return and audit report (if applicable).

Contact Us

If you have questions about the information outlined above, or need assistance with nonprofit tax compliance or planning, Selden Fox can help. For additional information please call us at 630.954.1400 or click here to contact us. We look forward to speaking with you soon.

Robert Wujek

Bob Wujek provides audit and tax services to both non-profit organizations and privately held businesses. His non-profit clients include charitable organizations, private educational institutions, trade associations, and common-interest real estate associations. He also represents the firm within the Association Forum of Chicagoland and the American Society of Association Executives.