Discussion:Form 990-N fiing
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Discussion Forum Index --> Basic Tax Questions --> Form 990-N fiing
Discussion Forum Index --> Tax Questions --> Form 990-N fiing
| 29 December 2007 | |
| With regard to the new filing requirements for a 501(c)(3) organization with under $ 25,000 gross receipts to e-file, what is the feeling of Almanacers when the organization files a 990 or 990-EZ with IRS as a matter of policy, even though it's not required to? Does the post card have to be e-filed in addition, or does the paper or e-file of 990/990-EZ override the 990-N?
I have some exempt organizations, that although they are under the filing threshold, do so anyway, since the state requires a filing regardless of Federal rules, and requests a copy of the Federal form (if filed). | |
Bottom Line (talk|edits) said: | 29 December 2007 |
| Good question. Some donors want to see the 990 too. | |
| December 29, 2007 | |
| BL, I think he's asking whether the 990-N needs to be filed if the 990-EZ is filed instead. I would think it is not required. The goal is to get some kind of minimal information from these organizations, and the 990-EZ provides way more than the post card.
What about this? Will Guidestar.org publish the 990-N information? | |
| December 30, 2007 | |
| According to a publication I get from PPC, the 990-EZ will fulfill the requirements of reporting for the 990-N as long as the 990-EZ is completed in its entirety. | |
| 2 January 2008 | |
| I filed some 990-EZ forms with under $25,000 gross receipts, the IRS responded advising me I did not need to do so and to file the 990-N instead for the coming year. If you want the form to show up on guidestar, file the return, it will help in qualifying for grants. Only one filing is necessary | |
| 4 February 2008 | |
| From the IRS FAQ for 990-N Filing
Can I file Form 990 or Form 990-EZ instead of the e-Postcard? Yes, but please note that if you choose to file an annual information return (Form 990 or Form 990-EZ) instead of the e-Postcard, you must file a complete return. An incomplete or partially completed Form 990 or Form 990-EZ will not satisfy the annual filing requirement. IRS Date posted: February 4, 2008 | |
| February 4, 2008 | |
| John, I find it curious that the IRS sent you notices stating your clients are not required to file 990-EZs. I've been recommending to most of my clients that they do file 990 or 990-EZ for several reasons, one of which is so that the statute of limitations starts running. I wonder how, or if, the 990-N will have any impact on the statute. Has anyone heard anything about that? | |
