To start, the filing instructions are over 100-pages long.
Adding to that, your organization must provide detailed financial records and documents featuring your organizational structure throughout the fiscal year. You may also be asked to provide additional supplemental information in the form of “schedules.”
Fail to maintain accurate paperwork, and you’ll be scrambling during the submission process and wasting precious time that could’ve been better put towards the growth of your organization.
However, even in the best case scenario—in which you’ve kept well-organized records and gross receipts—U.S. tax law is a complicated beast, and learning how to prepare and submit a complete filing that won’t be returned because of an error requires a deep study of the law.
The problem here is time—or more specifically, the lack of it.
As a director in the nonprofit sector, there’s not enough time in the day to learn all the ins and outs of U.S. tax law, coordinate with every component of your organization, and make sure every individual 990 form is submitted on time—you have more important matters to deal with.
So, how do you make your submission process more efficient?
And more importantly, how can you save yourself more time?
Here’s your all-in-one solution.
What is File 990?
The filing process of IRS Form 990 can be difficult and time-consuming—two conditions that are particularly taxing on leaders in the nonprofit industry.
File 990 is a software-as-a-service (SaaS) company that works with nonprofit businesses to make the IRS Form 990 submission process simpler.
Whether your nonprofit is a single location or one comprising multiple locations, branches, etc., File 990 was made to simplify your filing process.
Designed to deliver peace of mind to a critical aspect of your business structure, File 990 takes in every available consideration to bring you the ultimate experience in convenience and assurance: the confidence that your tax-exemption status is taken care of.
How File 990 works
Choose your form type. Enter your nonprofit’s EIN. Answer a few questions. Hit submit.
We’ll take it from there.
Yep, it’s really that simple.
File 990 leverages secure, bank-level technology to extract your organization’s historical data from the IRS, track your previous filings, submit the year’s filings, and set up automated reminders to keep each component of your nonprofit in approved tax-exempt status with the IRS.
That means no more missed deadlines. No more time wasted on refilings.
In the software’s advanced dashboard, you’ll also be able to track the filings of your components by year and organization, filter these components based on their tax-exempt status, and set up an automatic email with a one-click submission link to streamline the filing process across your branch locations.
Rather than spending hours, days, weeks, and months corresponding with the heads of each of your nonprofit’s individual components, the system will orchestrate and execute this correspondence for you.
So, What Makes File 990 Different?
Unlike other nonprofit filing software offering the tools you need to submit your IRS Form 990 independently, File 990 takes the work out of your hands and files on your behalf.
With File990, you’ll be able to:
- Complete your filing and submission within minutes
- Receive IRS acceptance notification within 24 hours on your dashboard
- Gain the fastest, safest, and easiest way to e-file your 990-N form or 990 EZ form
As an executive of a nonprofit, the most important use of your time will always be better spent towards maintaining the health of your organization. That means spending less time organizing your filing records, coordinating with your other component groups, and orchestrating the submission process, and more time focusing on what matters to your organization’s growth.
While other software programs for IRS form 990 tax-filing are similar to TurboTax and QuickBooks, these applications still require you to learn the tax code and then submit your own filing.
And this process will cost you precious time.
Instead, File 990 was created to work as a tried-and-true SaaS, offering a reliable long-term solution for nonprofit businesses looking to establish and retain their tax-exempt status.
How You’ll Save More Time
Delegation is the secret ingredient to all time-saving.
And if you can take the opportunity to establish and develop a system that removes the headache from filing the annual IRS Form 990, it’ll mean saving a significant amount of manhours that would’ve otherwise been wasted.
Every good leader knows that at some point, task delegation isn’t just essential, it’s non-negotiable.
Preparing and filling out the IRS Form 990 can take literal months. From attempting to coordinate with the IRS to knowing which schedule is required for your filing, deadlines, etc., the process can capture more time than you think—and that’s before you repeat the same process with each component of your overall organization.
Here are a few ways File 990 can help you save more time:
Gain a Dedicated Team
Again, the IRS Form 990 has a 100-page instructional manual. The process of filing can get complicated. Rather than spending hours of your time reading pages of tax code, with File 990 you’ll get a dedicated team of staff members to help you in your filing process, and answer any pressing questions.
Although normally this filing can take weeks or even months, File 990 software can cut that time down to minutes.
Submissions can take nearly 180 days from the date of filing to be approved. And if you don’t have the submission correct (e.g. missing information, the IRS need more details, etc.) it’ll mean your filing being returned and more time down the drain as you attempt to refile it.
Instead, File 990 not only gets its submissions in quickly, but it also notifies you as soon as your nonprofit business is officially approved for tax-exempt status and alerts you when the other components of your organization are at-risk.
If you’d like to learn more about how to save more time during tax-season
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