E-filing Requirements for 990N Tax Exempt Returns in 2016-17 - Tax2efile Blog

E-filing Requirements for 990N Tax Exempt Returns in 2016-17

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 the section 6033 of the Internal Revenue Code.  In general, PTA units are the tax-exempt organizations and they are required to file either 990 N, 990 EZ or 990 which based on the annual gross receipts.

E-filing Requirements for Small Exempt Organizations 

Till 2007, small non-profit units with annual gross receipt under $25,000 need not file tax document with IRS. But this was changed in the year 2008 when IRS created new Form 990 for non-profit organizations, otherwise referred 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 organization 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 past three consecutive years.
  •         Non-profit unit with more than $50,000 gross annual receipt 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 through the 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 required information. The following information is required to file Form 990-N:

  • Employer Identification Number (EIN).
  • Tax year for which the Form is filed.
  • Name and Contact address of the organization and Principal Administrator.
  • Web site 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 5th month of every year, subsequent to the closure of the organization’s tax year.

Accounting Period

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 the nonprofit organizations. If you do not file the Form 990 properly, then you may lose your tax exemption. In some case, if you missed a year to file the Form 990 N, then a reminder will be sent from IRS. In another case, if you fail to file the Form 990 N for three consecutive years, then you may lose tax exempt status on due of the last tax year.

The revocation is done automatically and no notification will be sent from IRS. When 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.