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February 06, 2008

IRS Releases 'E-Postcard' for Small Charities

The Internal Revenue Service has released its Form 990-N, also known as an “e-Postcard,” a new tax document required of all groups whose gross receipts normally total less than $25,000 per year.

Previously only groups that earned more than $25,000 yearly had to file with the IRS, but the agency stated it wanted to get an accurate count of how many nonprofit groups exist and to provide more and better information about small groups. (Churches and organizations that file as part of a group do not have to fill out a 990-N.)

Groups must file the form starting this calendar year for fiscal years ending on or after December 31, 2007. The e-Postcard is due by the fifteenth day of the fifth month after the end of a fiscal year.

Among other items, groups must provide their employee identification number, the name of a principal officer, a mailing address, and confirmation that their gross receipts total less than $25,000.

— Sam Kean

Wednesday February 6, 2008 | Permalink

Comments

1. Fiscal years cannot end on 12/31, otherwise they would be calendar years. The correct reference should be “for tax years ending on or after 12/31/2007.” Also in your article, you only reference “less that $25,000” for filing Form 990-N. The correct reference should be “$25,000 or less” to captures receipts that may happen to be $25,000—exactly.

   — Ben    Feb 7, 11:57 AM    #

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