ROCK HILL, SC / ACCESSWIRE / December 8, 2023 / Tax990, a leading IRS-authorized e-file provider for the nonprofit sector, is thrilled to announce its partnership with the Michigan Nonprofit Association (MNA). This partnership will provide their members with convenient access to a comprehensive 990 e-filing solution. Members of the Michigan Nonprofit Association can now easily find, access, and create their Tax990 account just by visiting the MNA website. With Tax990, MNA members can file their:
- Form 990-N
- Form 990-EZ
- Form 990
- Form 990-PF
- Form 990-T
- Form CA-199
- Form 1120-POL
- Form 8038-CP
- Form 8868
The Importance of 990 Reporting for Nonprofit Organizations
Nonprofits of every size depend on their tax-exempt status to maintain operations. This status allows them to operate free of federal income taxes and instead focus on contributions, grants, and other sources of funding to forward their charitable activities and mission-related programming.
Without filing annual 990 returns as required by the IRS, nonprofits become vulnerable to losing their tax-exempt, 501(c)(3) status. In fact, if an organization fails to file an annual tax return for three consecutive tax years, the IRS will automatically revoke this exemption.
In addition to the IRS reporting requirements, 990 Series returns are also an excellent opportunity for nonprofits to share their success with their community, future contributors, and grant-making organizations. All the financial information collected on 990 Series returns is made available to the public, giving nonprofits the ability to share a snapshot of their program activities, accomplishments, and good stewardship practices.
A Comprehensive Solution from Tax990
Tax990 offers a complete solution for what can be a tedious filing process. In recent tax years, the IRS implemented a new mandate requiring all nonprofits to file their 990 returns electronically. While the initial shift was challenging for many nonprofits, the process of e-filing is much simpler in the long run, especially with the intuitive tools and features offered by the Tax990 application.
Tax990 clients streamline their 990 filing process with the following industry-leading tools and features:
- Direct-Form Entry or Interview-Style Filing Options
- Internal Audit Checks using the IRS Business Rules
- Required Schedules are included in the filing fee
- Bulk upload options for importing information
- Copy return information from the prior year to a current year's return
- Prior year filing and 990 amendments are supported
- Teams can collaborate on secure filing from a single Tax990 account
- Instant IRS notifications are provided when 990 returns are accepted/rejected
- Any rejected returns can be corrected and retransmitted to the IRS at no additional cost
- Data security beyond industry standards, including SOC 2 Certification
- Share 990 returns with organization officials and board members for final approval using the ‘Reviewers and Approvers' feature
- A wealth of free resources, including our webinars, blog, YouTube channel, and extensive knowledge base
- Dedicated customer support is available via phone, email, and live chat
Tax990 is a cloud-based application that enables not only streamlined 990 e-filing, but secure and efficient recordkeeping. After the filing process is complete, Tax990 clients can easily access their previously filed returns and IRS acceptance letters. No downloads, annual subscriptions, or hidden fees are involved, and clients can access their accounts on the go with nothing more than an internet connection required.
When asked about this exciting new partnership, the CEO and Co-founder of SPAN Enterprises (parent company of Tax990), responded by stating, "We are excited about this new partnership with the Michigan Nonprofit Association, as we have a shared goal of increasing the tools available to the nonprofit sector for efficient and effective operations. Meeting tax-exempt IRS filing requirements is a key component of this and the Tax990 team is excited to provide our solution to more organizations as a result of this partnership."
About MNA:
Michigan Nonprofit Association is a nonprofit 501 c (3) founded in 1990, to strengthen nonprofits and the communities they serve by advancing collective power, knowledge, systems, and strategy. MNA is a statewide membership organization dedicated to promoting and supporting anti-racism and social justice in the nonprofit sector. For more information, visit www.mnaonline.org
About Tax990
Tax 990 is the premier, IRS-authorized e-file provider of nonprofit tax forms. Tax990 provides solutions for nonprofits that are required to file Forms 990-N, 990-EZ, 990, 990-PF, 990-T, Extension Form 8868, and 8038-CP with the IRS. With advanced features and affordable pricing, the goal of Tax990 is to help nonprofits file easily, so they can continue to keep doing good in their communities.
About SPAN Enterprises
Based in Rock Hill, South Carolina, SPAN Enterprises has been developing industry-leading software solutions for IRS e-filing and business management tools for over a decade.
The SPAN Enterprises portfolio of products includes TaxBandits, Tax990, ACAwise, ExpressExtension, 123PayStubs, and TruckLogics.
For all media inquiries, please contact Stephanie Glanville, Marketing Manager, at stephanie@spanenterprises.com.
SOURCE: Tax990
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