The much longed-for six-month automatic extension for Form 990 is finally becoming a reality! But before you start celebrating, be aware that the new extension will not be available until the 2017 filing season, for 2016 Forms 990 (those with tax years beginning January 1, 2016 and after). Until then, exempt organizations will have to continue to file an extension request twice, to obtain a full six-month extension.
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The term “outsourcing” can have negative connotations, but for many nonprofit organizations it can be an effective tool to help move the organization forward. While there are many roles within a nonprofit organization that can be outsourced, information technology services provide a particularly robust opportunity for organizations to utilize outsourcing to improve organizational effectiveness and capacity.