New Registration Requirements for 990-N postcard Filers
by Kendall Tyson
Effective February 29, 2016, the IRS will launch a new website for submitting Form 990-N filings. Most organizations exempt from income tax under section 501(a) must file an annual information return or submit an annual electronic notice (990-N). An organization that normally has gross receipts of $50,000 or less must file the 990-N if it chooses not to file Form 990 or Form 990-EZ.
Previously all 990-N filings were completed and filed through the Urban Institute Form 990-N submission website. However, their website will permanently close on February 28, 2016. Per the Urban Institute website, “any Form 990-N filings in the Urban Institute system that have not been completed and submitted by 11:59 pm (eastern) on February 28, 2016, will be lost and will not be submitted to the IRS. Those Form 990-N filings will need to be entered into the new IRS system beginning February 29, 2106.”
Beginning on February 29, 2016, all 990-N users will need to complete a one-time registration with the IRS before they can complete the 990-N filing. Form 990-N is due every year by the 15th day of the 5th month after the close of an organization tax year. There is no paper form for the filing, and all 990-N filings must be completed and filed electronically.
All 990-N filers should plan their filings according to the new website and registration requirements in order to avoid any unexpected delays in completing their annual filing. Langdon & Company LLP will be happy to help deal with this regulatory change. Please contact our office for additional information.
Kendall ([email protected]) is a Manager in our Tax practice. She focuses on various corporate clients and their industry-specific issues.