IRS Form 990N - Important Tax
Notice to your Council
click to
Complete your 990N online
Beginning in 2008, small tax-exempt organizations, including
RC&D Councils, that previously were not required to
file returns may be required to file an annual
electronic notice, Form 990-N, Electronic Notice
(e-Postcard) for Tax-Exempt Organizations not
Required To File Form 990 or 990-EZ. This filing
requirement applies to tax periods beginning after
December 31, 2006.
Small tax-exempt organizations, whose gross receipts
are normally $25,000 or less, are not required to
file Form 990, Return of Organization Exempt from
Income Tax, or Form 990-EZ, Short Form Return of
Organization Exempt from Income Tax. With the
enactment of the Pension Protection Act of 2006 (PPA),
these small tax-exempt organizations will now be
required to file electronically Form 990-N, also
known as the e-Postcard, with the IRS annually.
The IRS mailed educational letters starting in July
2007, which your Council should have received,
notifying small tax-exempt organizations that they
may be required to file the e-Postcard. The IRS is
developing an electronic filing system (there will
be no paper form) for the e-Postcard and will
publicize filing procedures when the system is
completed and ready for use.
The PPA requires the IRS to revoke the tax-exempt
status of any organization “that fails to meet its
annual filing requirement for three consecutive
years.” Therefore, organizations “that do not file
the e-Postcard (Form 990-N), or an information
return Form 990 or 990-EZ for three consecutive
years, will have their tax-exempt status revoked as
of the filing due date of the third year.”
If you would like additional information about this
new filing requirement, including notification when
the filing system is ready, or information about
other new developments, subscribe to Exempt
Organization’s EO Update, a regular e-mail
newsletter that highlights new information posted on
the Charities pages of irs.gov.
With specific questions, please
click here for a Frequently Asked Questions form
from the IRS, or contact the IRS directly by going
to
www.irs.gov.
This means if you operate on
the calendar year the
990N is
due May 15th.
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