NONPROFIT QUICKTIPSSM
An electronic publication of Pfau Englund Nonprofit Law, P.C.
Disclaimer: This publication is designed to provide accurate information in regard to the subject matter covered. However, it is not intended to provide legal or other professional advice. If legal advice is required, the services of a competent professional should be sought.
New Annual Electronic Filing Requirement for Small Tax-Exempt Organizations
Beginning in 2008, nonprofit organizations that normally raise less than $25,000 will be required to provide information including the following to the IRS via an electronic form (e-postcard):
- Name,
- Any other names your organization uses,
- Mailing address,
- Web site address (if applicable),
- Employer identification number (EIN),
- Name and address of a principal officer,
- Annual tax period (accounting year),
- A statement that your organization’s annual gross receipts are still normally $25,000 or less, and,
- If your organization is going out of business.
The IRS is creating the form (to be designated Form 990-N) to meet a requirement of the Pension Protection Act of 2006.
Small tax-exempt organizations whose gross receipts are normally $25,000 or less are not currently required to an annual return with the IRS.
If you currently file Form 990 or 990-EZ completing only the address section and checking the box indicating that your gross receipts are no more than $25,000 (items A-K), you should use the new From 990-N instead. An incomplete or partially completed Form 990 or 990-EZ will not satisfy the annual filing requirement.
You will find more information on the new e-postcard on the IRS Web site at:
Nonprofit QuickTipsSM is a periodic electronic publication of Pfau Englund Nonprofit Law, P.C. It is intended to provide nonprofit executives with useful, quick legal tips. If you have a topic you would like covered in this publication, or know someone who would like to be added to our e-mail list, please contact the firm.