How to E-file Form 990-PF Online for the 2023 Tax Year?
- 1 Add Organization Details
- 2 Choose Tax Year
- 3 Enter form details
- 3 Review the form summar
- 3 Transmit to the IRS
Amazing Features that Simplifies Form 990-PF Filing for Nonprofits and
Tax Professionals
Internal Audit Check
Our internal audit system audits your 990-PF for any errors, ensuring accuracy.
Reviewers and Approvers
Once completed, share your form with your organization members for review and approval.
Free Retransmission
If the IRS rejects your 990-PF for any errors, fix them and retransmit the return for free.
Real-time Updates
After transmission, you will receive instant IRS status updates on your 990-PF via email.
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Frequently Asked Questions on Form 990-PF
What is Form 990-PF?
- Form 990-PF is named as Return of Private Foundation or Section 4947(a)(1) Trust Treated as Private Foundation.
- Generally, Form 990-PF is filed by Private Foundations (exempt and taxable) as well as certain non-exempt charitable trusts to report their financial information, activities, and certain other information to the IRS.
- Check the Form 990-PF instructions to file accurately and securely.
When is the Due Date to file Form
990-PF?
- Private Foundation should file Form 990-PF by the 15th day of the 5th month following the organization's tax year ends.
- Private Foundations that operate on calendar tax year (which means the tax year ends on December 31) should file no later than May 15
- E-file 990-PF Now to avoid late filing penalties
How do I pay my IRS Balance due with Form 990-PF?
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There are a few ways to make your payment to the IRS for Form 990-PF:
- Electronic Fund Withdrawal (EFW)
- Electronic Funds Transfer (EFTPS)
Note: You can now pay your balance due with TaxBandits EFTPS Online Payment Solution. Ensure you schedule the payment before the due date to avoid penalties.
What are the Penalties for not filing Form 990-PF on time?
- Private Foundations that fail to file their Form 990-PF on the appropriate filing deadline are subject to penalties. If the Private Foundation is able to provide a reasonable cause for the failure to file that is accepted by the IRS, it can file its return without penalties. Otherwise, penalties would be charged based on the gross receipts of the foundation. Learn more about Form 990-PF Penalties
What is Automatic Revocation?
- Failing to e-file Form 990-PF for three consecutive years will result in an automatic revocation of the tax-exempt status. By losing their exempt status, Foundations will have to begin filing as a taxable organizations with the IRS.
- The tax-exempt status can be reinstated by filing, applying for the status, and filing with reasonable cause for the failure. Learn More
Is there an extension for filing Form
990-PF?
- Yes! Private Foundations can receive additional time to file their Form 990-PF by filing IRS Form 8868 on or before the original filing deadline
of the foundation. - Within minutes, you will receive an additional 6 months to file your Form 990-PF online.