IRS Notifies Large Tax-Exempt Organizations of May 15 E-File Deadline

WASHINGTON – The IRS reminded large tax-exempt organizations of the mandatory electronic filing deadline for federal returns, including income, excise, employment tax and information returns such as forms W-2 and 1099.

Exempt organizations with at least $100 million in assets and filing at least 250 returns a year are required for the first time to file electronically. Federal credit unions are exempt from filing the Form 990, according to CUNA, but state charters and trade associations must file; some states file aggregate 990s for the credit unions so there’s no way to know how many credit unions are impacted by the mandatory e-filing. Neither CUNA nor NAFCU has over $100 million in assets to qualify for mandatory electronic filing.