There are exceptions to this filing requirement for:. Form N is due every year by the 15th day of the 5th month after the close of the nonprofit's tax year. This is May 15 for most nonprofits, which use a calendar year. You cannot file Form N until after your nonprofit's tax year ends. If your N is late, the IRS will send a reminder notice to the nonprofit's last address in its records.
Filing Form N is so simple that, technically speaking, the IRS doesn't even consider it to be a tax return. It should take you no more than ten or 15 minutes to complete. You don't even need to pay for a postage stamp to mail it to the IRS, because it must be sent electronically -- paper copies of the form will not be accepted. This is why the IRS calls the form an "e-Postcard.
A one-time registration is required to access the IRS system. You do not need any special software, just access to the Internet and an email address for your nonprofit. You then complete an online form that asks for your nonprofit's legal name, address, website address if any , EIN, name and address of a principal officer usually the president, vice president, secretary, or treasurer , and tax year either the calendar year or a non-calendar fiscal year.
You will also be asked whether your nonprofit has terminated or gone out of business. Missing the IRS form EZ deadline can be a frustrating experience when it means being hit with daily penalties and the potential loss of your tax-exempt status.
This should be a premeditated action. Your Form EZ deadline is a big deal! The best step you can take? Set yourself up for success by investing in a certified e-filer, keep up with your financial information throughout the year, and if necessary file a Form If you're looking for more information about the EZ and nonprofit tax forms in general, check out the additional resources below:.
Receive IRS acceptance notification within 24 hours. When is the EZ deadline? The short answer is May 15th. If your fiscal year ends on July 31st, your tax forms will be due December 15th. If your fiscal year ends on March 31st, your tax forms will be due August 15th. If your fiscal year ends September 20th, your tax forms will be due February 15th.
And so on and so forth. Overview of penalties for missing the EZ deadline. But before you know it, May 15th has come and gone, passing you by without you even noticing! You will be fined. You could lose your tax exemption status.
The IRS took their penalties a step further to appeal to these specific organizations. You might have to reapply and pay filing fees. Explain why you missed the EZ deadline to try to see if fees can be waived. Part VII: List of officers, directors, trustees, independent contractors, and key employees. Part VIII: Statement of revenue which accounts for revenue received from related or exempt funds and unrelated business income.
Part IX: Statement of functional expenses which is simply a reporting of all expenses incurred, from benefits paid to members, depreciation, depletion, and amortization, to insurance, and so on. Part XI: Reconciliation of the net assets of the organization or affirming consistency, completion, and accuracy of all accounts.
Part XII: Financial statements and reporting. If an independent audit was conducted, especially in cases when required. Accurately Complete Your Form Given the importance of your Form , we advise you to leave it to experts. Electronically File Your Form on Time The Taxpayer First Act , enacted on July 1, , now mandates tax exempt organizations to electronically file their form s and other related forms.
This cover, Forms , Return of Organization Exempt from income tax. Form or U. Return of Partnership Income. Tax exempt organizations can electronically file their tax return directly with the IRS by clicking here. Your organization can use its Form to demonstrate fiduciary responsibility.
Publicly accessible s also demonstrates that you are complying with all applicable laws. Your Form can also showcase good governance and ethics by providing information on how executive compensation is determined and explaining conflict of interest policies you have in place.
We are dedicated to helping charities with all their state registration requirements. Are you passionate about providing an amazing client experience? Are you inspired by the big picture, yet driven by details? We could use someone like you. View Careers. If your nonprofit has never filed, call the IRS Exempt Organizations Hotline at and ask that an account be established for the organization to allow filing of the e-Postcard.
Exceptions to this filing requirement include: Organizations that are included in a group return, Churches, their integrated auxiliaries, and conventions or associations of churches, and Organizations required to file a different return Background IRS information returns are known as the " series " because there are several forms that use the number , including Form , Form EZ , and for the smallest nonprofits, Form N. Since tax-exempt organizations have also been required to annually report their unrelated business income.
Which form to file? Information on electronic filing. What happens if our nonprofit fails to file? The IRS publishes the list of organizations whose tax-exempt status was automatically revoked because of failure to file a required Form , EZ, PF or Form N e-Postcard for three consecutive years. Use Form to request an automatic 6-month extension of time to file.
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