Extended time for e-filing

If the due date for your Form 990, 990-EZ, 990-PF or 1120-POL is January 17, 2012 or February 15, 2012, then you have an automatic extension until March 30, 2012. The IRS is making programming and system changes to the Modernized e-file (MeF) system and the changes will take until February 29, 2012. The 990-N e-postcard filing is not affected, and thus is not subject to the extension.

Even if your organization is not required to file electronically, you are able to take advantage of the deadline extension to file between March 1 and March 30,2012. If your organization has not requested an extension and wants to extend the filing date further than March 30th, you can file Form 8868 and receive a three-month extension.  However, you will not be granted more than two extensions (a total of six months).

If your organization’s second extension falls within the time frame of January 1 and February 29, 2012, then you have two options: 1) attach a Reasonable Cause Statement to the return referencing Notice 2012-4 and file by March 30, 2012 or 2) send in your return on paper and not e-file.

Remember that extensions in time to file do not give you an extension of time to pay tax liabilities. So, to avoid penalties and interest, be sure to pay your estimated amount due by the original due dates.