The Internal Revenue Service is asking small tax-exempt organizations to remember to file their annual electronic informational return by the May 15 deadline.
This is the second year of the new requirement for tax-exempt organizations with gross annual receipts that are normally $25,000 or less to file Form 990-N, also known as e-Postcards. The IRS promises the process is fast and easy.
The May 15 deadline applies to all small organizations whose tax year ends on Dec. 31. Organizations whose tax year is different from the calendar year must file the e-Postcard by the fifteenth day of the fifth month after the close of their tax year.
The leadership of these small organizations tends to change rather frequently, so it is important to remind everyone of this filing requirement, said Lois Lerner, director of the IRSs Exempt Organizations Division, in a statement. Its important for an organization to file. If it fails to do so for three consecutive years, it will automatically lose its tax-exempt status.
The e-Postcard is an Internet-based form that asks a few identifying questions about the organization. The e-Postcard must be filed online; there is no paper option.
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