The 990-N App
|What is the difference between Form 990 and the 990-N?
The 990-N is a greatly shortened version of the From 990. Another main difference between the two is who can use the 990-N vs. Form 990. The 990-N is used by small tax-exempt organizations that gross in receipts of $50,000 or less in a year and is only available to be filed electronically. This is actually very convenient for easy filing on the go; not to mention a greener alternative to the old school paper option – go Earth!
When is the deadline to file the 990-N for my organization?
This is how the IRS explains the 990-N deadline – The deadline is on the 15th day of the 5th month after the last day of your tax year. Not the clearest definition to define a date right away, but here is an example of how to figure it out:
Ex. If your tax year ended December 31st, your 990-N will be due by May 15th of the following year.
To be absolutely, beyond a shadow of a doubt sure of when you 990-N deadline is, consult a financial advisor/accountant. You wouldn’t want to put your exempt status in jeopardy because you didn’t file on the correct due date for your fiscal year.
If you have questions give the Express990 team a call. We are located in beautiful Rock Hill, SC and you can reach us via phone: 704.839.2321 or through our 24/7 email support: [email protected].