- May 9, 2017
In general, tax-exempt non-profit organizations, whose gross annual receipt is $50,000 or less must file Form 990 N, otherwise called as Electronic Notice (e-Postcard) for Tax-exempt Organizations not required to File Form 990 or 990 EZ. IRS Form 990 N must be filed before the deadline of May 15 every year in order to avoid revocation. Revocation refers that the non-profit organization is not eligible for federal tax exemption. In such cases, your donor’s donations are not tax deductible.
E-file Form 990-N e-Postcard Before Due Date
Revocation happens only if your nonprofit organization did not pay to file Form 990-N or e-Postcard for 3 consecutive years. If you have not paid for a single year, the IRS will send you a notification. And the revocation of the non-profit organizations does not change until the due date of the third year. In the case of 3 years of missed payments, no notifications will be sent and your organization will be relocated.
In order to avoid revocation, file your Form 990 N online before the due date of May 15 of the current fiscal year. 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 1st Extension |
Due Date with 2nd Extension |
|
January 1- December 31, Current Year |
May 15, 2017 |
August 15, 2017 |
November 15, 2017 |
|
July 1 Current year, -June 30 Next year |
November 15, 2017 |
February 15, 2017 |
May 15, 2017 |
In the case of your organization’s revocation, you can reapply for tax-exempt status to reinstate. This can be done by paying an appropriate user fee to get tax-exempt status reinstated. Reinstatement of tax-exempt status will be retroactive to the revocation’s date if the nonprofit organization specifies a valid reason or cause for not filing the Form 990 N for consecutive three years. In order to apply for tax-exempt status, you can use Form 1023.
Forgot to file your Form 990 N, this year? E-File 990-N can help you to file it for you. E-File 990N announces IRS 990-N E-file Service For May 15 Deadline. Check our site for further details to file your form and process the application in minutes.
