Hello taxpayers! For all our valued tax-exempt organizations, an important deadline is looming on the horizon. It’s crucial to ensure all your administrative matters are in a row, and one day, you should mark your calendars, which is May 15, 2025. This is the deadline for Form 8868, an application for an extension time to file an exempt organization return. If your tax-exempted organization needs more time to submit the annual tax return, you must act soon and file for an extension using this IRS Form 8868.
Ignoring the deadline to submit your tax returns or applying for an extension can led to unnecessary complications and potential penalties. It can detract from the vital work your organization does and might make your organization lose its tax-exempt status.