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Tennessee Filers, Small Nonprofits Face October 15th Deadline

 

Due Date for 187,000 Extension Filers and 9,300 Nonprofits Approaches

Internal Revenue Service - IRSNashville, TN – The filing deadline for about 187,000 Tennessee taxpayers who requested an extension to file their 2009 tax returns is fast approaching. October 15 is also a crucial due date for approximately 9,300 small nonprofit organizations in Tennessee that are at risk of losing their tax-exempt status due to not filing for the last three years.

“October 15th is a dual deadline this year,” said IRS spokesman Dan Boone. “It’s the last chance for many small charities to comply with the law and, as always, it’s the filing deadline for taxpayers who got an extension earlier this year.”

The IRS reminds taxpayers that IRS E-file and Free File are available through October 15th. E-file with direct deposit results in a faster refund than by using a paper return, plus electronic returns have fewer errors. Free File is a fast, easy and free way to prepare and e-file online for taxpayers whose 2009 income was $57,000 or less.

Many small nonprofit organizations are at risk of losing their tax-exempt status because, according to IRS records, they failed to file the required returns for 2007, 2008 and 2009. They can preserve their status by filing returns by October 15th under the one-time relief program announced by the IRS in July.

The names and last-known addresses of these at-risk organizations are posted on www.IRS.gov, along with guidance about how to keep their tax-exempt status. Small nonprofits may only need to file Form 990-N online at www.IRS.gov, which usually takes about 10 minutes.


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