Form 990-N Instructions: Complete e-Postcard Filing Guide

What is Form 990-N (e-Postcard)?

Form 990-N (e-Postcard) is an e-filing option for small tax-exempt organizations that have gross receipts of $50,000 or less in a tax year. It allows them to fulfill their annual reporting requirements with the IRS easily. The form requires only basic information and must be filed annually to maintain their tax-exempt status.

Who Must File Form 990-N?

Most small tax-exempt organizations, whose gross receipts (annual income) are usually $50,000 or less, are required to file Form 990-N, which is an electronic notice (also known as an e-Postcard). This form is for organizations that are not required to file Form 990 or 990-EZ (which are for larger or more complex organizations).

An organization’s Gross receipts are $50,000 or less if the organization:

• If the organization is 1 year old or less: It qualifies if it received, or if donors pledged to give, $75,000 or less during its first year.
• If the organization has been 1 to 3 years: It qualifies if it averaged $60,000 or less in gross receipts during its first two years.
• If the organization is 3 years: It qualifies if it averaged $50,000 or less in gross receipts over the last three years, including the current year.

Due Date to File 990-N

The due date for filing Form 990-N (e-Postcard) is the 15th day of the 5th month after the close of the organization's tax year. For organizations following a calendar year (January 1 - December 31), the due date is May 15th.

For example, if an organization's tax year ends on June 30th, the e-Postcard would be due on November 15th.

Penalty for Late Filing of Form 990-N (e-Postcard)

Failing to file Form 990-N (e-Postcard) can have consequences for an organization's tax-exempt status. If an eligible organization fails to file the e-Postcard for three consecutive years, its tax-exempt status may be automatically revoked. It is crucial for organizations to stay compliant with the filing requirements to maintain their tax-exempt status and avoid potential penalties.

Information required to file Form 990-N (e-Postcard)

Form 990-N (e-Postcard) is a simple form that collects key information about the organization, including:

• Organization's Employer identification number (EIN)
• Tax year (calendar or fiscal filer)
• Legal name and mailing address
• Any other names the organization uses
• Name and address of a principal officer
• Website address (if available)
• Confirmation that the organization's annual gross receipts are $50,000 or less
• A statement that the organization has terminated or is going out of business (if applicable)

How to e-file Form 990-N (e-Postcard) with TaxZerone?

Filing Form 990-N (e-Postcard) with TaxZerone is a simple and straightforward process:

• Discover: Enter your EIN to see your organization’s information that is stored in the IRS database.
• Review: Review the information for accuracy and make changes if needed.
• Stay Exempt: Choose the tax year for which you’re filing and transmit your Form 990-N (e-Postcard) to the IRS.

You will receive a notification as soon as the IRS processes and approves your return.