Common Questions Regarding E-Postcard Form 990N

Are you the head of a non-profit looking for some answers about e postcard form990-n? If so, you have come to the right place. This document, simple and easy as it might be, is very important when it comes to maintaining your organization's 501(c)(3) status. Here is a list of commonly asked questions about the form itself as well as how to file it.

What information is required to complete form 990-N?

Anyone completing form 990-N needs to collect a few simple pieces of information. These include your organization's tax ID number, a physical address and name for your organization, the name and address of a principal officer, confirmation that your organization's gross receipts totaled under $50,000 for the fiscal year, a website address if you have one, any other names your organization goes by, as well as a written statement saying that you are going out of business (if applicable).

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When is form 990-N due?

The 990n postcard filing must be completed no later than the 15^th day of the fifth month following the end of your organization's fiscal year. Because these dates vary from company to company, there is no one single set date.

What happens if I don't file?

If you miss your due date once, it usually is not a big problem. The IRS will send you a reminder, and you can file your e postcard form 990-n at that point. However, if you have failed to file your form for three consecutive years, your organization's tax-exempt status will automatically be revoked, and you will have to reapply for this status.

How will I know if my form was accepted?

The IRS will send you a confirmation E-mail stating that your 990n post card filing went through successfully.

Can I paper file instead of doing it electronically?

Unfortunately, there is no paper form of the e postcard form 990-n, so you must complete your filing online. The easiest way to do this is by using an online service such as etax990n.com, which not only allows you to file your form but also provides 24/7 customer support and free re-filings if the initial form is rejected.

Can I file for previous fiscal years?

Yes. Systems such as etax990n.com will allow you to file forms for up to 2 tax years prior, helping you get caught up on your filings.

How long will it take for my form to show up at the IRS search site?

After you complete your 990n postcard filing, it may take up to three weeks for it to show up on the IRS search page.

What is the point of form 990-n?

The reason for filing form 990-n is to give your donors and other interested parties a way to see the most up to date information available regarding your organization's earnings. It provides a form of transparency.

How long does it take to file form 990-n?

Not to worry – from start to finish, it will only take about 15 minutes of your time, as long as you have all of the information assembled before you begin. If you run into any problems, simply contact customer support at any time for guidance or assistance. Visit http://www.Etax990n.com to start filing your non profit tax.

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What do Nonprofits Need to Know about Nonprofit Tax Form 990n?

As a non-profit organization, you may not have to file and pay any federal taxes, you will have to file an information form with the IRS each year through form 990n. This form allows the IRS to know about your organization and the activities that take place each year. It is important that you learn and understand all you can about these forms.

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What is a Form 990?

This is an information based tax form that tax-exempt organizations are required to file each and every year. When this form is filed, it is then presented to the IRS as a form of an overview of the organization’s activities; it is an in depth financial report that allows the IRS to know that your organization is still within its rights to be considered tax-exempt.

Who has to File a Form 990?

•        Typically those that are larger nonprofit organizations or those that have gross receipts of $50,000 or more are require to file a Form 990 or 990-EZ
•      Small nonprofit organizations that have gross receipts of $50,000 or less are required to file a form 990 electronically that are known as a Form 990-N so that they can maintain their tax-exempt status.
•      Nonprofit Organizations who are tax-exempt according to Sections 501(c), 527, or 4947(a)(1) of the U.S. Taxation Code, and who are not included in the exemptions that are listed below.

What Nonprofit Organizations are exempted from filing a Form 990?

•     Churches
•      Subsidiaries of Other Nonprofit Organizations
•     Nonprofits that not in the System as of Yet

It should be noted that if you are an incorporated nonprofit organization in the state in which you reside but you do not plan on applying to the IRS for an exemption status from the federal income tax you will not have to file a Form 990n.

It must also be noted that if your organization makes claims to be tax-exempt and it has intentions to file with the IRS by the end of the 27th month you are in business for you are required to file a Form 990 or 990-EZ or 990-N whichever is deemed appropriate during the 27 month period you are in business; this is of course to be under the understanding that even though an application has not been submitted to the IRS nor has a determination been received.

•  Religious School
• State institutions

You should know that some state institutions are exempted from this because they provide the essential services that people seek.

•     Government Corporations

There is a lot to understand about and remember of the Form 990. It would be in your best interest to seek professional guidance from a CPA or another tax advisor that can help you to understand what you should know and how to maintain your tax-exempt status. With his or her help, you can ensure that you will always be up to date on the important tasks you need to perform for your nonprofit. 

Call 703-229-0326 or visit http://www.Etax990n.com/ to start filing your form 990n Today!

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