August 11, 2015

On July 31, 2015, President Barack Obama signed into legislation a bill that provided new deadlines and deadline extensions for several tax filings relevant to nonprofit organizations. Below are listed the returns affected by passage of the Surface Transportation and Veterans Health Care Choice Improvement Act of 2015.

Return of Organization Exempt from Income Tax (Form 990): Extensions to file federal Form 990, Return of Organization Exempt from Income Tax, will change from two 3-month extensions to a single 6-month filing extension.

Return/Report of Employee Benefit Plan (Form 5500): A maximum extension of 3 1/2 months will be allowed to submit Form 5500, Return/Report of Employee Benefit Plan.

FinCEN (Form 114): The deadline for FinCEN Form 114 has been changed from June 30 to April 15. Taxpayers may request a six-month extension.

This article was originally posted on August 11, 2015 and the information may no longer be current. For questions, please contact GRF CPAs & Advisors at