As a result of a law passed by Congress in 2006, most small, tax-exempt organizations (those with $25,000 or less in gross receipts) are now required to annually file a Form 990-N e-Postcard. The e-Postcard is due every year by the 15th day of the fifth month after the close of the tax-exempt organization’s tax year. The first e-Postcards were due on May 15, 2008. The IRS will not assess a penalty if a tax-exempt organization files late or fails to file; however, after three consecutive years of non-filing, a tax-exempt organization will lose its tax-exempt status. Thus, a tax-exempt organization that was required to file a Form 990-N on May 15, 2008 (for tax year 2007), that did not file in 2008, 2009 or by May 17, 2010, it lost its tax-exempt status on May 17, 2010.
Fortunately, IRS Commissioner Doug Shulman has stated that the IRS will do what it can to help smaller organizations that have just learned of the filing deadline to help them avoid losing their tax-exempt status.
If your organization has failed to file, it should now file, even though the filing deadline has passed. Instructions on how to file. If your not sure if your organization filed, you can do a search. If your tax-exempt organization needs assistance with its e-Postcard filing or in requesting reinstatement for its lost tax-exempt status for failure to file its e-Postcard, feel free to contact Attorney Stephanie N. Strouse.