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Rep. Davis Joins letter Providing 90-Day Tax Filing and Payment Extension for Tax-Exempt Organizations

04/08/20
The Honorable Charles P. Rettig Commissioner Internal Revenue Service 1111 Constitution Avenue, N.W. Washington, D.C. 20220
Dear Commissioner Rettig,
We appreciate that the Internal Revenue Service (IRS) has provided a 90-day income tax filing and payment extension to individuals and corporations in response to the ongoing coronavirus (COVID-19) pandemic. However, this extension does not cover tax-exempt organizations filing IRS Form 990, Form 990-EZ, Form 990-PF, Form 990-T, or Form 4720 who are still expected to file these returns and pay any taxes or excise dues by May 15, 2020. To that end, we urge you to issue a tax filing and payment extension for tax-exempt organizations.
There are several new tax-related changes in the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which will make calculating any taxes due exceedingly challenging for tax-exempt organizations such as nonprofit hospitals and universities. Just like businesses, these organizations have experienced significant financial disruption as a result of the COVID-19 pandemic. An extension and payment relief would provide tax-exempt organizations impacted by the COVID-19 pandemic with the same additional time and relief granted to individuals and corporations.
Thank you for your prompt attention to this matter.April 3, 2020
The Honorable Charles P. Rettig
Commissioner Internal Revenue Service
1111 Constitution Avenue, N.W.
Washington, D.C. 20220
 
Dear Commissioner Rettig,
 
We appreciate that the Internal Revenue Service (IRS) has provided a 90-day income tax filing and payment extension to individuals and corporations in response to the ongoing coronavirus (COVID-19) pandemic. However, this extension does not cover tax-exempt organizations filing IRS Form 990, Form 990-EZ, Form 990-PF, Form 990-T, or Form 4720 who are still expected to file these returns and pay any taxes or excise dues by May 15, 2020. To that end, we urge you to issue a tax filing and payment extension for tax-exempt organizations.
 
There are several new tax-related changes in the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which will make calculating any taxes due exceedingly challenging for tax-exempt organizations such as nonprofit hospitals and universities. Just like businesses, these organizations have experienced significant financial disruption as a result of the COVID-19 pandemic. An extension and payment relief would provide tax-exempt organizations impacted by the COVID-19 pandemic with the same additional time and relief granted to individuals and corporations.
 
Thank you for your prompt attention to this matter.
 
The full letter can be found HERE

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    repName Danny K. Davis  
    helpWithFedAgencyAddress Chicago District Office
    2813-15 W. Fifth Avenue
    Chicago, Illinois 60612    		  
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