ROCK HILL, SC / ACCESSWIRE / April 26, 2024 / For nonprofits across the country that operate on a calendar tax year, the upcoming 990 deadline on May 15, 2024 is a crucial milestone. With e-filing becoming mandatory for 990 forms since the past few years, it's crucial for nonprofits to find a reliable e-file provider to meet their 990 compliance needs.

For over a decade and above, Tax990, the industry-leading e-file provider, has proven to be a go-to 990 e-filing solution for numerous nonprofits and tax professionals across the country.

What's New This Year?

The IRS-authorized e-filing software is now loaded with boundless enhancements and more exclusive features, ensuring a seamless filing experience for the clients who choose them this 990 filing season. Here are some of the major updates made to the software.

Tax990 PRO - Clients that create a free tax professionals account with Tax990 now enjoy even more benefits and manage their clients' 990 filings more conveniently.

One of the highlighting additions to the Tax990 PRO account is Form 8879-TE. In addition to e-signature Form 8453-TE for paid preparers, Tax990 now also supports Form 8879-TE exclusively for Electronic Return Originators (ERO) to obtain e-signature authorization from their clients effortlessly.

Staff Management - Clients can have more flexible options in managing their staff access in Tax990. Apart from the option of assigning roles as Preparer/Approver to the staff, clients can now assign them to specific organizations, streamlining the tax filing process further.

Filing History - With Tax990, clients can easily pull up their organization's filing history from the IRS registry by just entering their EIN. Based on the prior filings, Tax990 will automatically recommend the applicable form for the current tax year.

Address Book - Clients who manage the filings for multiple organizations can now efficiently add and manage the organization details in the Address Book.

Bulk Upload (Organizations) - While there were a few Excel templates available already for uploading certain form information in bulk, Tax990 has introduced a new Excel template specifically for those needing to upload the organizations' data in one go.

PCI DSS Compliance - As a SOC-2 certified provider, security has always been the top priority of Tax990. This year, Tax990 has incorporated PCI DSS Compliance Standard to ensure highly secure transactions, adding another layer of security to the already robust software.

Flexible Pricing Options - There are a few new pricing options added this year:

Prepaid Credits (For Organizations) - Previously, the prepaid credits option was available only for tax professionals. But now, any client can purchase prepaid credits, saving time and money.

Combo Pricing - A new pricing combo, ‘Form CA199 & 990 Package', has been introduced exclusively for California nonprofits.

In addition to these new features, a few enhancements have been made to the User Interface to make the software and filing process even more intuitive for.

Supported Filings

Here is the list of forms that Tax990 supports.

Form 990-N (e-Postcard): Applicable to nonprofits with gross receipts of $50,000 or less.

Form 990-EZ: Applicable to nonprofits with gross receipts < $200,000 and total assets < $500,000.

Form 990: Suited for nonprofits with gross receipts ≥ $200,000 (or) total assets ≥ $500,000.

Form 990-PF: Suited for private foundations, irrespective of gross receipts or assets.

Form 990-T: Required for organizations with $1,000 or more unrelated business income (UBI).

Form 8868: Used to obtain a 6-month automatic extension for filing 990 forms.

CA Form 199: Required for organizations operating in California.

Form 1120-POL: Applicable to political organizations

Form 8038-CP: Used by issuers of tax-exempt bonds to claim interest payment credits

Form 990 Amendments: Tax990 supports the amendment of 990 forms, CA 199, 1120-POL, and 8038-CP.

With these forms, the software automatically includes the required 990 Schedules for FREE. Also, to make sure these returns are error-free, Tax990 has an internal audit system that validates the forms based on the IRS Business Rules. Clients who complete these forms can share them with their organization's higher authorities for review and approval.

Tax-exempt organizations and tax professionals can begin their 990 Series e-filing journey today by creating a free account at www.Tax990.com.

When asked about the impending 990 deadline, Agie Sundaram, CEO, and Co-founder of SPAN Enterprises (parent company of Tax990), emphasized, "Tax990 is dedicated to empowering tax-exempt entities, ensuring a seamless and secure filing experience. Our commitment to advanced security, intuitive filing solutions, and extended customer support hours underscores our dedication to assisting nonprofits in meeting their 990 Series returns deadline."

About Tax990

Tax 990 is the premier, IRS-authorized e-file provider of nonprofit tax forms. Tax990 provides solutions for nonprofits that are required to file Form 990-N, 990-EZ, 990, 990-PF, 990-T, 8868, California Form CA-199, Form 1120-POL and 8038-CP with the IRS. With advanced features and affordable pricing, the goal of Tax990 is to help nonprofits file easily so they can continue to keep doing good.

About SPAN Enterprises

Based in Rock Hill, South Carolina, SPAN Enterprises has been developing industry-leading software solutions for IRS e-filing and business management tools for over a decade.

The SPAN Enterprises portfolio of products includes TaxBandits, Tax990, ACAwise, ExpressExtension, 123PayStubs, and TruckLogics.

For all media inquiries, please contact Stephanie Glanville, Content Writer, at stephanie@spanenterprises.com.

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SOURCE: Tax990