Non Profit New York Tax Filings Form CHAR 500 Can be filed Electronically

The State of New York has just introduced e-filing for the Form CHAR 500, the annual charitable tax filing. Prior to this, all annual State tax filings had to be done via snail mail and paper filed, while the Federal filing could be done electronically. This created additional time and effort for administration, not to mention confusion. Now you can simply e-file the State taxes the same way you e-file the Federal taxes.

An additional benefit to e-filing is that you will automatically get an electronic receipt which will give you proof of filing.

Benefits of Electronic Filing

• Streamlined Process - File both state and federal forms using the same electronic workflow
• Automatic Confirmation - Receive immediate proof of filing
• Reduced Administrative Burden - Eliminate paper handling, printing, and mailing costs
• Faster Processing - Electronic submissions typically process more quickly than paper forms
• Improved Accuracy - Many e-filing systems include built-in error checking

About Form CHAR 500

Form CHAR 500 is the Annual Filing for Charitable Organizations required by the New York State Charities Bureau. It must be filed by registered charitable organizations that are required to register with the Charities Bureau. The form includes information about the organization's programs, governance, and finances.

Organizations that are required to file Form CHAR 500 include:

• Charitable organizations registered in New York
• Organizations that hold assets or solicit contributions in New York
• Organizations that conduct charitable activities in New York

How KVR Can Help

Our team at KVR specializes in nonprofit tax filings and compliance. We can help your organization navigate the new electronic filing process for Form CHAR 500 and ensure that all your state and federal filings are completed accurately and on time.

If you have questions about the new e-filing option or need assistance with your New York charity filings, please contact our nonprofit tax specialists for personalized guidance.