Form 990-N Preparation

Electronic Notice or e-Postcard For Tax-Exempt Organizations With $50,000 or Less in Annual Revenue

Form 990-N
IRS Form 990-N, also referred to as Form 990 e-Postcard and Electronic notice, is the tax return form used by nonprofit organizations with less than $50,000 in annual revenues. Form 990-N does not have a paper version and can only be accessed on the IRS’s website. It can only be filed electronically.
Like other form 990s, Form 990-N also reports activities, finances, and income, and it ensures that these organizations still qualify as nonprofits.
Deadline
Eligible nonprofits can only file form 990-N after the end of its tax year. The tax year is determined by your nonprofit’s fiscal period. So if your organization’s fiscal year is, October 1, 2020 through September 30, 2021, it must wait until October 1, 2021, to file. On the other hand, if your nonprofit is eligible to file form 990-N for tax year 2020 and uses a calendar year of say January through December, it must wait until January 1st, 2021, to file.
Eligible nonprofits must file by the 15th day of the 5th month after the close of their tax year.
Failure to File
It is important that your nonprofit organization take filing its form 990-N seriously because failure to file could mean revocation of your nonprofit’s tax-exempt status. If your tax-exempt status is ever revoked by the IRS, your nonprofit will no longer be eligible for federal tax exemption.

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