IRS Form 8868 or Application for Extension of Time To File an Exempt Organization Return is used by tax exempt organization to request an automatic 6-month extension of time to file its annual return which is the previous 3-month automatic extension and subsequent request for an additional 3-month extension. This form grants nonprofits, charities, and other tax-exempt organizations. You cannot apply for both the automatic 3-month extension and the additional (not automatic) 3-month extension at the same time.
Generally, file Form 8868 by the due date of the return for which you are requesting an extension, or, in the case of an additional 3-month extension, by the extended due date of the return. When requesting an additional extension of time to file, file Form 8868 early so that if your request is denied you can still file your return on time.Important Note to Efiling 8868 Form
Generally, a penalty of 1% of any tax not paid by the due date is charged for each month or part of a month that the tax remains unpaid. The penalty cannot exceed 5 % to 25% of the amount due. The penalty will not be charged if you can show reasonable cause for not paying on time. Attach a statement to your return fully explaining the reason. Do not attach the statement to Form 8868. For an income tax return filed more than 60 days late, the minimum penalty is $100 or the balance of the tax due on the return, whichever is smaller.
You can efile an automatic 6-month extension 8868 form online using your tax return preparation software Etax8868.com. More information from the IRS about Form 8868.