Form 990-N, known as the e-Postcard of Form 990 filing, is the shortest way for nonprofits to meet their IRS filing requirements, but with the May 17, 2021 deadline approaching, it is important to do a little review. Here is everything your organization needs to know to meet the Form 990-N deadline easily this year.
What is Form 990-N?
Form 990-N, the e-Postcard of 990 forms, is an eight question form that allows smaller nonprofits to meet their Form 990 filing requirements easily. Nonprofits use Form 990-N to report information about their organization’s finances to the IRS and public.
Who Can File Form 990-N?
Organizations with gross receipts under $50,000 can opt to meet their IRS requirements by filing Form 990-N for the 2020 tax year. If your nonprofit falls into this category, Form 990-N is a great way to keep your tax-exempt filing as simple as possible.
Not sure if you’re eligible to file Form 990-N? Click here for our free Form 990 finder and we will check on the IRS requirements for your organization. For more information on the 990 series forms nonprofits can file for the 2020 tax year, visit this blog. For a quick review on IRS requirements for charities, click here.
When is Form 990-N Due?
The Form 990-N deadline is the 15th day of the 5th month after a nonprofit’s accounting period ends. For organizations operating on a calendar tax year, the deadline is May 17, 2021.
Not sure when your organization needs to file? Click here to calculate your deadline.
Information Required on Form 990-N
Form 990-N is a very short form compared to the other 990 series forms, but it can still be difficult to complete if you don’t have all your information ready. Here is everything to know before you start filing Form 990-N:
Employer Identification Number (EIN) or Taxpayer Identification Number (TIN). This number allows the IRS to identify your organization.
The tax year you are reporting on
Your organization’s legal name and mailing address.
The name your organization goes by.
Your principal officer’s name and address
Your organization’s website, if you have one.
Report that your organization’s annual gross receipts are$50,000 or less.
If your organization is going out of business or being terminated, report that as well.
How to E-file Form 990-N for the May 17th Deadline
Form 990-N can only be filed electronically. Working with an IRS authorized e-file provider is a great way to complete this form easily and avoid mistakes. ExpressTaxExempt makes filing Form 990-N for the 2020 tax year super simple.
First, search your organizations’ Employer Identification Number (EIN). This will allow you to access your filing history, pull information from the IRS public registry, and get started on Form 990-N.
Step 2: Select your filing year
Choose the year you are filing for. To meet your May 17, 2021 deadline, select the 2020 tax year. Make sure your organization’s summary is correct and continue!
Step 3: Review and Transmit to the IRS
After you complete Form 990-N, ExpressTaxExempt runs an internal audit, checking your information for errors. You’ll be able to review any mistakes and correct them easily. Once you are satisfied, transmit Form 990-N directly to the IRS.