Form 8868 Rev December Fill in Version Application for Extension of Time to File an Exempt Organization Return

What is the Form 8868 Rev December Fill in Version Application For Extension Of Time To File An Exempt Organization Return

The Form 8868 Rev December is an official document used by exempt organizations in the United States to request an extension of time to file their annual returns. This form is essential for organizations that need additional time beyond the standard filing deadline to prepare their returns accurately. By submitting this application, organizations can avoid penalties associated with late filings, ensuring compliance with IRS regulations. The form is specifically designed for tax-exempt entities, including charities and non-profit organizations, allowing them to maintain their tax-exempt status while managing their filing obligations.

How to use the Form 8868 Rev December Fill in Version Application For Extension Of Time To File An Exempt Organization Return

To use the Form 8868 Rev December, organizations must first ensure they meet the eligibility criteria for requesting an extension. The form can be completed electronically or on paper. When filling out the form, organizations should provide accurate information, including their name, address, and Employer Identification Number (EIN). It is important to indicate the type of return for which the extension is being requested. After completing the form, organizations should submit it to the IRS by the original due date of their return to ensure the extension is granted. This proactive approach helps avoid late filing penalties.

Steps to complete the Form 8868 Rev December Fill in Version Application For Extension Of Time To File An Exempt Organization Return

Completing the Form 8868 Rev December involves several key steps:

• Gather necessary information, including your organization’s name, address, and EIN.
• Indicate the type of return you are requesting an extension for, ensuring that the information matches your previous filings.
• Fill out the form accurately, checking for any errors that could delay processing.
• Sign and date the form, ensuring that the signature is from an authorized individual within the organization.
• Submit the form to the IRS by the original due date of your return, either electronically or by mail.

Filing Deadlines / Important Dates

Understanding the filing deadlines associated with Form 8868 is crucial for exempt organizations. The form must be submitted by the original due date of the return for which the extension is being requested. Typically, this is the fifteenth day of the fifth month after the end of the organization’s tax year. For example, if an organization operates on a calendar year basis, the deadline would be May 15. Organizations should also be aware that an automatic extension of six months is granted upon timely submission of Form 8868, allowing additional time to file the necessary returns.

Legal use of the Form 8868 Rev December Fill in Version Application For Extension Of Time To File An Exempt Organization Return

The legal use of Form 8868 Rev December is governed by IRS regulations. Organizations must ensure they are eligible for an extension and that they adhere to the guidelines set forth by the IRS. Filing the form correctly and on time is essential to avoid penalties. Organizations should keep a copy of the submitted form for their records, as it serves as proof of the extension request. It is important to note that while the form provides an extension for filing, it does not extend the time to pay any taxes owed, if applicable.

Required Documents

When completing the Form 8868 Rev December, organizations should have the following documents ready:

• The most recent tax return filed by the organization.
• Any prior correspondence with the IRS regarding the organization’s tax status.
• Details of any changes in the organization’s structure or operations that may affect its tax-exempt status.
• Documentation of any payments made towards taxes, if applicable.