Beginning in 2008, small tax-exempt organizations whose gross receipts are normally $50,00 or less are required to electonically submit Form 990-N, also known as the electronic e-Postcard. If you are a tax-exempt organization that normally has annual gross receipts of $50,000 or less and does not have to file Form 990 or 990-EZ, you must file the e-Postcard. The e-Postcard is due by the 15th day of the fifth month after the close of your tax year. So if your organization operates on a calendar year, the e-Postcard is due by May 15 of the following year. You cannot file the e-Postcard until after your tax year ends.
What happens if you don’t file? – You risk losing your tax-exempt status!
If you think the new filing requirement may apply to your organization, go to http://www.irs.gov for complete details and while you’re there sign up for Exempt Organization’s free email newsletter, EO Update, to receive up-to-date information posted on the charity pages of irs.gov. You can also download a very handy Compliance Guide for 501c3 Public Charities containing helpful advice on charitable organization record keeping.