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Filing Deadline Extended for 1,400 Tennessee Tax-Exempt Organizations

Internal Revenue Service - IRSNashville, TN – Tax-exempt organizations with January and February filing due dates will have until March 30th, 2012 to file their annual returns, the Internal Revenue Service announced today.
 
In Tennessee, approximately 1,400 organizations can take advantage of the extended filing deadline.
 
The IRS is granting this extension of time to file because the part of the e-file system that processes electronically filed returns of tax-exempt organizations will be off-line during January and February.


 
The agency stressed that the rest of the e-file system will continue to operate normally and urged all individuals and businesses to choose the accuracy, speed and convenience of electronic filing.
 
In general, the extension applies to tax-exempt organizations whose normal filing deadline is either January 17th or February 15th, 2012. Ordinarily, these deadlines would apply to organizations with a fiscal year that ended on August 31st or September 30th, 2011, respectively.
 
The extension also applies to organizations that already obtained an initial three-month filing extension and now have an extended filing deadline that falls on January 17th or February 15th, 2012. The majority of tax-exempt organizations will be unaffected by this extension because they operate on a calendar-year basis and have a May 15th filing deadline.
 
The extension applies to affected organizations filing Forms 990, 990-EZ, 990-PF, or 1120-POL. Form 990-N filers will not be affected. No form needs to be filed to get the March 30th extension.
 
In order to avoid receiving a late filing penalty notice, a reasonable cause statement should be attached to the tax return. If organizations receive late-filing penalty notices, they should contact the IRS so that these penalties can be abated. The IRS encouraged these organizations to consider either e-filing early—before the end of December—or waiting until March to file electronically.

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