On January 28, 2016, the Internal Revenue Service (“IRS”) issued an exempt organization update for those organizations required to file Form 990-N, Electronic Notice (e-Postcard) for Tax-Exempt Organizations Not Required to File Form 990 or 990-EZ. The update provided that, effective February 29, 2016, the electronically filed Form 990-N will be accepted only via www.IRS.gov.
Form 990-N is required to be filed annually by small, tax-exempt organizations that normally have annual gross receipts of $50,000 or less that do not file Form 990 or 990-EZ. The due date for the Form 990-N is the 15th day of the 5th month after the close of an organization’s tax year. While there is no penalty for late filing of the Form 990-N, organizations that fail to file the form for three consecutive years will automatically lose their tax-exempt status. Revocation occurs on the filing due date of the third consecutively missed year.
Prior to this update, the Form 990-N has been electronically filed through the Urban Institute’s website. Previously registered organizations may continue to use the Urban Institute website until February 28, 2016; however, effective February 29, 2016, Form 990-N will need to be filed through the IRS. Before submitting Form 990-N, filers will be required to complete a short, one-time registration.