What Is Form 8868
IRS Form 8868 is a tax document used by tax-exempt organizations, including charities, non-profits, and certain trusts, to request an extension of time to file their required annual tax return or notice.
When to Use Form 8868
Organizations typically seek Form 8868 when they need additional time to assemble accurate and complete tax information. Specific situations include:
- When additional data required for filing is delayed or incomplete.
- When key personnel responsible for tax filing are unavailable.
- If an organization is waiting for a pending decision that affects tax reporting, such as grant approval.
- To avoid penalties for late filings if additional time is needed to ensure compliance with tax laws.
How To Fill Out Form 8868 Instructions
Part I: Automatic 3-Month Extension
Provide the organization's name, address, and EIN. Include the suite, room, or other unit number after the street address.
Enter the tax year for which the extension is requested.
Check the box for the form for which you are requesting an extension.
If you have a balance due, enter the amount. However, most forms, like 990, do not require tax payments.
Part II: Additional (Not Automatic) 3-Month Extension
Use Part II only if you have already been granted an automatic 3-month extension on a previous Form 8868 and you need an additional three months. You must show reasonable cause for this request.
Line 9: Explain in detail why you need the additional extension.
Signature:
The form must be signed by the authorized individual (an organization officer, owner, etc.).
Where To Send Form 8868
The destination for Where To Send Form 8868 depends on whether you're filing electronically or by mail and including a payment. The IRS provides different addresses for each scenario, found in the Form 8868 instructions on the official IRS website. Generally, if including a payment, the form and check go to the IRS address listed for specific states or territories.
Related Content - Form 8868 (2020)
