Never Too Late For 990-N

The year is winding down into its final quarter, and if you still haven’t e-filed your Form 990-N (e-Postcard), it’s not too late. Even if your original tax deadline was all the way back in May, you can still e-file. Even if you didn’t file last year, you can still e-file. Even if your organization didn’t bring in a single dime this tax year, guess what… you can still e-file.

Calendar Tax Year or Fiscal Tax Year
You may already know that filing your tax return has to be done by the 15th day of the 5th month after your organization’s tax year has ended. Your actual tax period end date may vary depending on whether your organization operates on a calendar tax year or a fiscal tax year.

Calendar Tax Year: Your tax year runs from January 1 to December 31, and your tax deadline will always be May 15.

Fiscal Tax Year: Your tax year runs on any day other than January 1 to December 31, and your tax deadline will be the 15th day of the 5th month after your tax end date.

Example: Your tax begin date is April 1, 2014, and the tax end date is March 31, 2015. Your tax deadline will be August 15, 2015.

Little or No Income
A lot of you have asked why you should even file if you have little or no revenue to report. That’s exactly what the 990-N (e-Postcard) is for. You’re basically letting the IRS know that your organization doesn’t have much money to report, at the very least, nothing over $50,000 to report.

However, a great deal can happen within the course of a year. Your exempt organization could grow substantially, or you could receive a lot more contributions. That’s why you have to file each year. If nothing much has changed, you can continue e-filing your 990-N (e-Postcard). If a drastic change has occurred, then you’ll file the most appropriate form for your organization.

You Can Still E-File
The reason why you can still e-file your Form 990-N (e-Postcard) long after your deadline has passed is simple… there are NO penalties for filing an e-Postcard late. Now that doesn’t give you a free pass to just be neglectful or careless, but if you find yourself a few months past due, you don’t have to panic or worry.

While there isn’t a penalty for e-filing late, there is a penalty for not filing at all. After failing to file for three consecutive years, you can lose your tax-exempt status. In order to get it back, you’ll be subjected to fees and a filing process with the IRS. For more information about reinstating your exempt status, check out the following blog: Reinstating Tax-Exempt Status

The year may be inching ever close to the end, but that doesn’t mean it’s too late to e-file. You can e-file your 990-N (e-Postcard) in less than 10 minutes with Express990. And it’s FREE for the current tax year. 

Simply enter your organization details, choose your tax period, indicate you make less than $50,000, authorize your form, and then transmit to the IRS. We even offer live assistance if you need a little extra help. So whether you’re on-time, a few weeks late, or a few months late, Express990 can transmit your tax form quickly and securely.

For any questions or assistance with our e-filing service, feel free to contact our live, expert help at our headquarters in Rock Hill, South Carolina.

Phone: (704) 839-2321 (Monday – Friday, 9am – 6pm, Eastern Standard Time)
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