We understand that tax filing time might not be everyone’s favorite time of year, but if your nonprofit qualifies to use the IRS Tax Form 990N, then tax filing might not be as difficult as you think.
Who Can File
The IRS Form 990N is also known as the e-Postcard. It is the simplest version of the 990 forms as there are only 8 questions. You may qualify to use the 990N if your nonprofit organization has gross annual receipts that total $50,000 or less.
Please note that there is no paper form of 990N. The form must be filed electronically through the IRS website. In the case that you do not want to file electronically, anyone who is eligible to file a 990N may choose to file Form 990 or 990EZ.
The 8 Questions
The questions on the 990N are very simple. You will be asked for your nonprofit’s:
- Legal Name
- Address
- Website Address (if you have one)
- EIN
- Name of a Principal Officer (typically President, Vice President, Secretary or Treasurer)
- Address of Principal Officer
- Tax Year (either the calendar year or the non-calendar fiscal year)
- You will be asked if your nonprofit has been terminated or gone out of business
Once you answer all of the questions and click the “submit” button, you will be contacted by the IRS notifying you whether your return was accepted or rejected. If rejected you will receive instructions on how to rectify the problem. If accepted you may click “view” and print out a copy for your records.
Deadline
The Form 990N is due every year by the 15th day of the 5th months after the close of your tax year. You may not file the e-postcard until after your tax year ends. If your due date falls on a Saturday, Sunday or legal holiday you may file on the next business day. Failure to file 3 years in a row will result in a loss of tax-exempt status.
Find More Info
Here is a link to the IRS website with more information on the 990N. To see the actual e-postcard itself, you will need to create your own account and have your organization’s EIN number available.
As a disclaimer, we are not tax professionals. If you have further questions please check out the IRS website or contact Certified Public Accountant.
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