Form 990-N is used for Tax-Exemption by Non-Profit Organizations. By filing IRS Form 990-N the tax-exempt organizations provides information about the organization such as mission, finance source, and programs to the IRS as required by section 6033 of the Internal Revenue Code. In general, PTA units are tax-exempt organizations and they are required to file either 990 N, 990 EZ, or 990 which is based on the annual gross receipts.
E-filing Requirements for Small Exempt Organizations
Till 2007, small non-profit units with annual gross receipts under $25,000 need not file tax documents with IRS. But this was changed in the year 2008 when IRS created a new Form 990 for non-profit organizations, otherwise referred to as “Electronic Notice (e-Postcard) for Tax-exempt organizations not Required to file Form 990 or 990-EZ.”
Who Must File Form 990-N?
IRS Form 990-N is filed under the following scenarios.
IRS Form 990-N is filed under the following scenarios
- All non-profit organizations with annual gross receipts under $50,000 must file 999-N.
- If a non-profit unit’s revenue is fluctuating from one year to the other, then the unit can file the e-postcard when the average revenue is $50,000 or less for the past three consecutive years.
- Non-profit units with more than $50,000 gross annual receipts must file Form 990 or 990-EZ.
How to File Form 990-N
Form 990-N can be filed electronically, by just registering with us once. Form 990-N cannot be filed on paper and must be filed online. Form 990N tax filers can file Form 990 or Form 990-EZ instead. Our User Guide can provide you the required information to file your Form 990-N.
Form 990-N must be filed annually with the IRS in order to avoid revocation along with the required information. The following information is required to file Form 990-N:
- Employer Identification Number (EIN).
- The tax year for which the Form is filed.
- Name and Contact address of the organization and Principal Administrator.
- The website of the non-profit organization, if available.
- A document that supports the non-profit organization’s annual gross receipt is $50,000 or less.
- In the case of termination, a statement supporting the termination process is needed.
When the Form 990-N Must Be Filed with Due Date
The deadline of Form 990-n must be filed by the 15th day of the 5th month of every year, subsequent to the closure of the organization’s tax year.
990 N Due Date
Due Date with 1stExtension
Due Date with 2ndExtension
January 1- December 31, Current Year
May 15, Current year
August 15, Current year
November 15, Current Year
July 1 Current year, -June 30 Next year
November 15, year
February 15, year
May 15, year.
Filing Form 990 N must be taken seriously by nonprofit organizations. If you do not file the Form 990 properly, then you may lose your tax exemption. In some cases, if you missed a year to file Form 990 N, then a reminder will be sent from IRS. In another case, if you fail to file Form 990 N for three consecutive years, then you may lose tax-exempt status on the due of the last tax year.
The revocation is done automatically and no notification will be sent from IRS. When a revocation is made, then your nonprofit organization is not eligible for federal tax exemption. In case, if your organization is in the state of revocation, then check the instructions to get reinstated.