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Tax-Exempt Companies and IRS Form 990-N

Published on Jan 31, 2012


Read 'Tax-Exempt Companies and IRS Form 990-N' at 'Time to Start Up,' the small business blog by BizFilings.
IRS-Form-990-N.jpegHave you heard of the IRS Form 990-N? If you haven't, you are not alone. But that doesn't mean it's not an important form. In fact, if it's not filled out for three consecutive years a company will automatically lose its tax-exempt status. In an effort to help your nonprofit organization remain compliant, we've put together this brief article to give you a quick overview of the form and whether or not you'll need to actually file one. The first thing you'll need to determine is whether you're a tax exempt organization with annual gross receipts that are usually $50,000 or less. If you are, filing IRS Form 990-N (e-Postcard) is typically required. Companies can also file a complete Form 990 or Form 990-EZ, instead of the e-Postcard.

Due Date of the e-Postcard

According to the IRS, "the e-Postcard is due every year by the 15th day of the 5th month after the close of your tax year. For example, if your tax year ended on December 31, the e-Postcard is due May 15 of the following year. If the due date falls on a Saturday, Sunday, or legal holiday, the due date is the next business day. You cannot file the e-Postcard until after your tax year ends.

Filing IRS Form 990-N

Click here to file your form. The IRS has partnered with the Urban Institute to make this form available for completion online. This form must be completed and filed electronically. There is no paper version. What You Need to Complete the e-Postcard(according to the IRS):
  1. Employer Identification Number (EIN), also known as a Taxpayer Identification Number (TIN)
  2. Tax year. Are you following a calendar tax year, or a fiscal tax year?
  3. Legal name and mailing address
  4. Any other names the organization uses
  5. Name and address of a principal officer
  6. Web site address if the organization has one
  7. Confirmation that the organization’s annual gross receipts are normally $25,000 or less ($50,000 for tax years ending on or after December 31, 2010)
  8. If applicable, a statement that the organization has terminated or is terminating (going out of business)