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You and the Government – Filing Your 990-N Tax Form
How to file
To electronically submit Form 990-N, Electronic Notice (e-Postcard) for Tax-Exempt Organizations Not Required to File Form 990 or Form 990EZ, use the Form 990-N Electronic Filing System (e-Postcard).
Form 990-N must be completed and filed electronically. There is no paper form.
Form 990-N filers may choose to file a complete Form 990 or Form 990-EZ instead.
If website issues are encountered and unresolved, call TE/GE Customer Accounts Services at 877-829-5500. A representative will file your Form 990-N information.
Organizations should continue efforts to file, even if late.
Who must file
All Lions Clubs and related Foundations whose annual gross receipts are normally $50,000 or less can satisfy their annual reporting requirement by electronically submitting Form 990-N if they choose not to file Form 990 or Form 990-EZ instead.
Form 990-N filing due date
Form 990-N is due every year by the 15th day of the 5th month after the close of your tax year. You cannot file the e-Postcard until after your tax year ends.
Example: Our tax year ends on June 30th, 2018, the e-Postcard will be due November 15th, 2018. As a Lions Club, you have between July 1st and November 15 to file you 990-N on-line. If the due date falls on a Saturday, Sunday, or legal holiday, the due date is the next business day.
If your 990-N is late, the IRS will send a reminder notice to the last address they have on file. While there is no penalty assessment for filing Form 990-N late, organizations that fail to file required Forms 990, 990-EZ or 990-N for three consecutive years will automatically lose their tax-exempt status. Revocation of the organization’s tax- exempt status will happen on the filing due date of the third consecutively-missed year.
Revoked? Reinstated?
Automatic Revocation of Exemption List
The IRS publishes the list of organizations whose tax-exempt status was automatically revoked because of failure to file a required Form 990, 990-EZ, 990-PF or Form 990-N (e-Postcard) for three consecutive years.
The list gives the name, employer identification number (EIN), organization type, last known address the organization provided to the IRS, effective date of revocation and the date the organization was added to the list.
Effect of Losing Tax-Exempt Status
If an organization’s tax-exempt status is automatically revoked, it is no longer exempt from federal income tax. Consequently, it may be required to file one of the following federal income tax returns and pay applicable income taxes:
Form 1120, U.S. Corporation Income Tax Return
Form 1041, U.S. Income Tax Return for Estates and Trusts,
Reinstating Tax-Exempt Status
The law prohibits the IRS from undoing a proper automatic revocation and does not provide for an appeal process. An automatically revoked organization must apply to have its status reinstated, even if the organization was not originally required to file an application for exemption. If the IRS determines that the organization meets the requirements for tax-exempt status, it will issue a new determination letter. The IRS also will include the reinstated organization in the next update of Exempt Organizations Select Check (Pub. 78 database). Donors and others may rely upon the new IRS determination letter as of its stated effective date and on the updated Exempt Organizations Select Check listing.
Go to www.IRS.gov for more information
VOLUME 29 ISSUE 4 / OCTOBER 2018 PAGE 18