ExpressTaxExempt Blog

The Best & Worst Ways To File Form 990-N

When you start thinking about how to file your 990-N, what comes up in your mind? Do the letters IRS flash in your head in bright red and dark-ominous music starts playing? Well that is a bit scary, but I have just what you need to turn that 990-N nightmare into a relaxing and wonderful dream. I will show you the best ways to file your 990-N and the worst ways that can turn your 990-N nightmare into a reality.

The Best
I didn't want to do one of bad news first type deals, so we're starting with the best.

1. The 990-N App
There is an app for everything, so why not have one for e-filing Form 990-N? The 990-N App is the travel friendly version of Express990.com and perfect for the nonprofit tax filer on the go. The 990-N app is available for Apple and Android devices. The app is free and so is filing for the current tax year; it's a win-win my friend. To e-file you will just need some basic business information and confirmation of gross receipts of $50,000 or less.

2. Express990.com
Express990.com is the best program to use when e-filing your 990-N. The e-filing process is laid out just like the app so it is super easy. The only difference between the app and the site is, Express990.com is a full service 990 e-filing provider. Meaning, you can find information on the complete Form 990, 990-PF, 990-N, and 990-EZ. Right now, Express990 is providing e-filing for Form 990-N and 990-EZ. More versions of the 990 will be available for e-file very soon. 

The Worst
1. Not Filing 
One of the fastest ways to lose your exempt status is to not file your Form 990-N. The 990-N (e-postcard) is free to file for the current tax year at Express990.com. You can file for previous years too if you need catch up. The only worst way to file your 990-N is to not file at all.

It is a simple list of the best and worst ways to file your 990-N. Mainly because the 990-N is a simple form to e-file. You only need your business information and your gross receipts for your tax year. The 990-N App is great because it doesn't limit you to one place to file. Express990.com is quite charming because it provides more information on filing all the different 990 forms and provides e-filing of the 990-N and 990-EZ. E-filing your 990-N is free for the current tax year on both the app and Express990.com.  

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File Your 990-N On The Go

Do you always have a computer around that you can log into and take care of all your nonprofit tax filing? Most likly not, right? Everything can be done on a phone or a tablet these days and that also includes e-filing your Form 990-N. If you don't file this simple little form, then you will lose your tax-exempt status.

Express990.com wants to make e-filing your Form 990-N as quick and simple as possible. Frankly, we know you are busy ( and busy probably doesn't even begin to explain it) and we want you to keep your tax-exempt status so we built you and amazing app to get your 990-N filing done in minutes. 

The 990-N App is available for Apple and Android devices. 

Form 990-N
Form 990-N is a much shorter version of the complete Form 990. Small exempt organizations and charities that have gross receipts of $50,000 or less in a year will file Form 990N. An organization that fails to e-file Form 990-N for three consecutive years will lose their exempt organization status.

When you need to file your Form 990-N will depend on your accounting period. The IRS explains it as - The deadline is on the 15th day of the 5th month after the last day of your tax year. 

What you need to file Form 990-N
There are a few informational tid bits you will need to successfully e-file your 990-N.

 1. EIN or TIN number
 2. Legal name & address
 3. Different names the organization uses (if any)
 4. Website address (if you have one)
 5. Name and address of principal officer
 6. Confirmation of gross receipts of $50,000 or less
 7. A statement that the organizaiton is going out of business (if applicable)

Downloading the 990-N App is completely free, and it is also free to file your 990-N for the current tax year. E-filing for free is the way to be! If you have any questions about e-filing your 990-N, just contact the Express990 customer support pros via phone: 704-839-2321 or email: support@expresstaxexempt.com

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Form 990-EZ: Schedules E, G, L, O

When looking closer at the title of this blog, the letters -E, G, L,O - almost seem like they could be a achronym for something, or just a funny almost-piglatin joke - "Eglo my eggo". Hopefully that put you in an excited mood to learn more about Form 990 E-Z schedules. I went over the first 3 (A, B, C) in my previous blog, which is linked here. Alright, enough introduction...let's get started.

Schedule E
Schedule E of Form 990-EZ is used to report information on private schools. You would know if you need to file this particular schedule if you answered "Yes" in Part VI, line 8 of Form 990-EZ. The information reported on this schedule includes: policies, facilities, and benefits of the school for explaining in detail any necessary information.

Schedule G
Schedule G of Form 990-EZ is used to report professional fundraising services, fundraising events, and gaming by an organization.

Schedule L
This explanation is more in-depth, so I'm going to do a little bit of quoting for this one. "Schedule L is used by an organization that files Form 990 or 990-EZ to provide information on certain financial transactions or arrangements between the organization and disqualified person(s) under section 4958, or other interested persons. Schedule L is also used to determine whether a member of the organization's governing body is an independent member for purposes of Form 990, Part VI, line 1b."
You would know if you needed to file this schedule if you answered "Yes" in PartV, lines 38a or 40b on Form 990.

Schedule L has a lot of little bits to know when filing. So if you have any of the following questions, just click and you will be taken straight to the answer:

What are excess benefit transactions?

What is assistance benefiting interested persons?

What types of transactions are reportable on Schedule L?

Schedule O
Schedule O is used to provide the IRS with more specific and in-depth explanations and responses to questions on Form 990 or 990-EZ, rather than other documents. You will need to file Schedule O to provide any narrative information for the following sections on Form 990/990-EZ:
 - Part I, Lines 8,10,16,or 20
 - Part II, Lines 24 or 26
 - Part III, Line 31
 - Part IV, if you answered "Yes" to either lines 33 or 34, or to explain why the organization did not report unrelated business gross income of $1,000 or more to the IRS on Form 990-T, in response to line 35b.

Goodness, that was a lot of information. Breaking down the schedules and going over them helps to better understand what schedule is used for which type of reporting. If you do ever have questions about the 990-EZ schedules, contact the IRS directly or your financial advisor.

You can e-file form 990-EZ right here at Express990.com. And if you need an extension of time to file, we have that too - Form 8868. When e-filing your 990-EZ, you can always give our customer support professionals a call at 704-839-2321, and they will be able to assit you with any question you may have.

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Frequently Asked Questions

Find answers related to e-filing IRS Form 990, 990-EZ, 990-PF, 990-N (e-Postcard), Form 1120-POL and Extension Form 8868 with our Frequently Asked Questions.

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