LM and 990 Report Due Dates
This is a reminder that the deadlines to file your LM and 990 reports with the Department of Labor and Internal Revenue Service, respectively, are fast approaching. The due dates are as follows for AFGE Affiliates with a fiscal year end date of December 31, 2021:
- LM Due Date: March 31, 2022
- 990 Due Date: May 15, 2022
Also, please remember the LM report, along with the Annual Budget and Annual Audit (Form 41) are due to the National Office 90 days after the end of the fiscal year (3/31/2022 for locals with a 12/31/2021 fiscal year end); and the IRS Form 990 is due to the National Office by May 15, 2022.
Additionally, the Internal Revenue Service is now requiring that all 990 and 990-EZ forms be filed electronically per the following message on the IRS website:
Effective for tax years beginning after July 1, 2019, the Taxpayer First Act, Pub. L. No. 116-25 Section 2301, requires organizations exempt from taxation under section 501(a) to file their annual Form 990 and Form 990-PF returns electronically, unless covered by one of the exceptions listed in the form instructions. Form 990-EZ filers are required to file electronically for tax years ending July 31, 2021, and later.
To assist locals with electronically filing the IRS Form 990 or 990-EZ, we have contacted two tax consultants willing to input and electronically file for AFGE Locals/Councils.
- Both vendors will charge a flat rate of $800 for 990 filers and $700 for 990-EZ filers to electronically file those tax forms.
- The tax forms will need to be fully completed by the local/council. The tax consultant will only be tasked with inputting the tax information into their software and electronically filing the form.
- If there are any adjustments that need to be made to the form or additional work performed, then additional fees may apply.
- The local/council can choose to request that the tax consultant prepare and electronically submit the tax form. In those cases, the tax consultant’s regular rates will apply.
- AFGE is providing the contact information for the below consultants as a courtesy. Affiliates are not required to retain the services of these consultants, and AFGE is not a party to any transaction between the consultant and an AFGE affiliate. AFGE makes no representations or guarantees regarding the services provided by these consultants and bears no responsibility or liability that may arise from an affiliate’s transaction with the consultants.
The two vendors are as follows:
Warren Strother III Tax & Financial Services
Warren Strother
[email protected]
511 11th Street SE, 2nd Floor
Washington, DC 20003
Phone: (202) 544-1442
Fax: (202) 544-4066
Greenfield Financial Services, Inc.
Veneranda Toledo
[email protected]
1159 Iowa Ave., Ste. 118
Riverside, CA 92507
Phone: 951-275-9986
Fax: 951-275-9088
This does NOT include those locals/councils that are eligible to file the IRS Form 990-N (ePostcard). If your local/council has less than $50,000 of cash receipts and less than $500,000 in total assets, the local is eligible to file a 990-N (ePostcard) by clicking this link (990-N Filers).
If you need assistance, please feel free to contact one of the members of the Compliance Team.
|
Willie Hope |
Omar Arnold |
Teya Bruce |
|
202-639-6949 |
202-639-6499 |
202-279-0746 |
If your fiscal year end is not December 31 and you are not sure what your LM and 990 due dates are, please feel free to contact us for assistance. Additionally, if you’re not a current officer responsible for filing, please let us know ASAP, so that the records can be changed.
Thank you for your continued service and diligence to AFGE!
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