The IRS has published a list of frequently asked questions relating to the new electronic filing requirement for small tax-exempt organizations. We have discussed this form and the requirements in previous blogs, but the IRS Q&A will be helpful if your ministry needs to file a 990-N and you still have questions.
The last item on the IRS list provides a link to sign up for the IRS’s Exempt Organizations Update, an e-mail newsletter that highlights new information posted on the Charities pages of irs.gov. To subscribe, go to www.irs.gov/eo and click on EO Newsletter.
If your address has changed and the IRS has not been notified, you should file Form 8822, Change of Address with the IRS. This will ensure that you receive the notification letter on the new form.
If an organization fails to file the 990-N for three years it may have its tax-exempt status revoked. Hopefully, it will never come to this. However, if it does, the IRS will require filing of Form 1023, Application for Recognition of Exemption, or Form 1024, Application for Exemption Under Section 501(a), to be reinstated. They are serious about getting this new form filed!
If you have any questions that our blog and the IRS site did not clear up, please contact me.
