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ExpressTaxExempt Blog

Thursday, April 24, 2014

When is the 990 e-Postcard due?

Express990.com provides Form 990-N, which is an annual IRS e-filing requirement for small exempt organizations and charities that typically gross in receipts of $50,000 or less in a year. It is an electronic notice that the IRS can can quickly use to update their database of basic information on all active nonprofits. There is not one set deadline to file the 990-N, instead the deadline is dependent on your tax period.


A Little 990-N Back Story:
Nowadays most small nonprofits must file an "e-postcard": IRS From 990-N. Prior to 2007, nonprofits with annual gross receipts under $25,000 did not have to make any yearly filings with the IRS. But in 2008, the IRS introduced a new form just for small nonprofits: Form 990-N ( called the Electronic Notice (e-Postcard) for Tax-Exempt Organizations Not Required To File From 990 or 990-EZ).

Congress passed this tax filing requirement in response to concerns that smaller nonprofits were not keeping the IRS up to date on new business addresses and changes to other key information. In fact, the IRS suspects that thousands of small nonprofits have closed their doors without notifying the agency. The new 990-N should allow the IRS to maintain an up-to-date database of basic information on all active nonprofits. This will help the IRS meet its administrative goals, but it will also come in handy for donors who want to make sure they are giving money to the recognized nonprofits.

Exempt Organization Return Due Dates - Tax Year 2013

The IRS explains, "return due dates are always on the 15th of the month. However, when the 15th of the month falls on a weekend or holiday, IRS accepts returns as timely filed if received by the next business day. This applies to extended due dates as well as original due dates". 

Your 990-N due date is dependent on your tax period. If your tax period beginning and ending dates are the same as the calendar year then your due date is May 15th. If your tax period beginning and ending dates are not the same as the calendar year, then your due date will be different. The IRS has published a schedule of the 990 filing deadline according to your tax period. The 990 filing schedule shows when your e-Postcard is due, as well as, the new deadline if you file for an extension.





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