TaxAct Releases Online Form 990 Software


By Elena Faurie

TaxAct, one of the biggest providers of do-it-yourself software, recently released an online form for tax-exempt organizations. All organizations exempt from income tax such as charities, nonexempt charitable trusts and nonprofits are now able to affordably file a Form 990 using TaxAct Tax-Exempt Organizations Edition.  This is the first federal Form 990 online product offered by a major tax software provider.

Smaller nonprofit organizations, those with income under $500,000, who used Urban Institute’s e-file version of the Form 990 to submit their information to the IRS now have another filing alternative.  TaxAct uses a Q&A format to help filing organizations complete required forms.  It alerts the users of any errors or omissions, e-files returns for free and offers 24/7 technical support.  This appears to be a helpful resource for small tax-exempt organizations with small compliance budgets.

If you have any additional questions regarding the new filing option, TaxAct's website.

Contact us if you have questions regarding Form 990-N and visit our Not-for-Profit Industry Group page to learn more about the services that we offer our clients. 

You’ve heard our thoughts… We’d like to hear yours

The Schneider Downs Our Thoughts On blog exists to create a dialogue on issues that are important to organizations and individuals. While we enjoy sharing our ideas and insights, we’re especially interested in what you may have to say. If you have a question or a comment about this article – or any article from the Our Thoughts On blog – we hope you’ll share it with us. After all, a dialogue is an exchange of ideas, and we’d like to hear from you. Email us at contactSD@schneiderdowns.com.

Material discussed is meant for informational purposes only, and it is not to be construed as investment, tax, or legal advice. Please note that individual situations can vary. Therefore, this information should be relied upon when coordinated with individual professional advice.

© 2018 Schneider Downs. All rights-reserved. All content on this site is property of Schneider Downs unless otherwise noted and should not be used without written permission.