Most of the small tax exempt organizations which have become 501(c)(3) organization aren’t aware that they need to report to the IRS regularly. Just like how individuals need to file their taxes each year, in the same way, tax exempt organizations need to fill and submit a form to ensure that they have their exempt status. The best part is that it is easy to do and is done by filing Form 990-N, which is also called as e-postcard.
It takes only a few minutes to file 990-N. The small tax exempt organization having $50,000 or less as annual gross receipts will be able to satisfy the annual reporting needs by electronically submitting the e-Postcard, if it doesn’t choose to file Form 990-EZ or Form 990.
A tax year consists of twelve consecutive months and there are two types of the tax year -
This is the period of twelve consecutive months which starts from January 1 and ends on December 31.
This is the period of twelve consecutive months ending on the last day of any month except December.
As per the IRS guidelines, you must file 990-N by the 15th day of the 5th month, after the tax year ends. Tax Exempt Organizations that operate on a calendar tax year of 12 consecutive months (January 1 - December 31) should file annually on May 15.
No! You cannot file your Form 990-N until your tax year ends. For example, if your tax year ends on December 31st, your e-Postcard due date is May 15 of the following year and you can’t file the Form 990-N before December 31st.
You can easily e-file 990-N for the prior year using one of the approved e-file service providers like Express990n.com.
There are eight basic items which you must have to file 990-N form -
Express990n.com is one of the best and IRS authorized e-file providers which simplifies the process of filing your Form 990-N in three easy steps -
Express990n.com is one of the most trusted and leading e-file application which is used by various tax exempt organizations. Its services upload its position as being one of the best and top of the e-filing industry, thereby providing the complete solution for filing your e-postcard.
Some of its features -
We have an easy-to-use and interactive user-interface which is intuitive and comprehensive to file Form 990-N returns as fast as possible.
You can view the filing history of your organization and check out if you have filed for the prior year. Also, you can see if your IRS form 990-N is rejected or accepted.
Quickly check your return status as soon as you transmit to the IRS.
Now if IRS rejects your 990-N form, we will identify the errors, so that you can make the necessary corrections and re-transmit the form at no extra cost.
You can e-file and transmit your e-postcard directly to the IRS in simple steps.
We use the latest and advanced methodologies to make sure that your entire e-filing procedure is secured and safe.
No, you can’t e-file amended Form 990-N. You can make the necessary corrections or update the information when you are e-filing your next 990-N form for the subsequent year.
A reminder notice will be sent by the IRS if you don’t file your e-Postcard before the due date. However, you won’t be charged any penalty for the late filing of your Form 990-N. It is important that you file within the three year period or else you will end up losing your tax-exempt status.