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 15th 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?