Federal Tax, Tax

Tax-Exempt Entities Need to File Their Returns by May 15th

The tax filing deadline has passed for most of us, but not for all. For example, the IRS is reminding tax-exempt entities that they must file their 2024 returns by May 15. Those who can’t meet that deadline may seek a six-month extension. Many of the Form 990 series returns and Form 4720 (for private foundations) must be filed electronically. The IRS also reminds tax-exempt groups that they should guard their exempt status by following tax law and IRS regulations, or risk losing their ability to receive tax-deductible donations. One of the ways an organization can lose its tax-favored status is by serving private interests rather than public. Here’s more from the IRS: https://bit.ly/4cS60Fh. Contact the Cg Team for help. © 2025