Do you volunteer your time to a charitable or other nonprofit organization? Make sure the organization is aware of this May federal reporting requirement. Nonprofit organizations that may not have been required to complete a return in the past – such as those with less than $50,000 of annual gross receipts – are now required to file Form 990-N.
The form, called an “e-Postcard,” must be submitted electronically. This year the due date for nonprofits with a December 31 year-end is May 16. Failure to file Form 990-N could result in loss of tax-exempt status.
For more information or filing assistance, contact our office.