FAQs on Form 990 Series

What is an "accounting period"?

Calendar year: reporting the 2015 calendar year accounting period beginning on January 1 and ending December 31. Fiscal year: a 12 month interval beginning the year the form is in reference to. A fiscal year accounting period should normally coincide with the natural operating cycle of the organization. Short period: a period of less than 12 months, which exists when an organization first commences operations, changes its accounting period, or terminates. The form for extending the filing date is Form 8868. It provides an automatic 6 month extension. Further extension must be sent, in writing, to the IRS

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Last modified 04 Aug 2017 17:08 EST