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The IRS 990 Filing Deadline Has Passed - Now What?

A new IRS regulation requires all small, tax-exempt organizations, like chapters, to file a tax return. For most chapters this requirement is satisfied by filing the 990-N e-postcard - as long as its annual gross receipts are under $25,000. (This will increase to $50,000 for the 2010 tax year.) Beginning in 2010 this is a mandatory filing for the 2009 tax year and it was due on May 17.

Does this IRS requirement apply to your chapter? YES! Chapters are required to submit this information to the IRS, which many chapters have done. In the event your chapter missed this deadline, you should designate one of the officers of your chapter to enter the information.

IRS Form 990-N

In a published statement, the IRS notes it is working with the organizations to bring them into compliance and, although the deadline has passed, the organization should go ahead and file as soon as possible. The complete statement can be found here.

EAA worked with EAA Legal Advisory Council member, Patti Arthur, to provide chapters with information on how to file as well as how to work with the IRS should the agency need to re-set its system to recognize your chapter’s Federal Employer ID Number (FEIN). Refer to the slide presentation and webinar that show step by step how to become compliant with the IRS on the 990-N e-postcard. Remember, in order to qualify as a 501(c)(3) organization, your articles of incorporation must include the dissolution and charitable purposes statements, plus your chapter needs to be able to illustrate it is organized for charitable, educational, and scientific purposes. Otherwise the chapter would be considered a 501(c)(7), which is more social in nature. See the link at the bottom of this article for a sample of the required language.

To see the slide presentation, click here.

To see the Webinar, click here.

It’s extremely important that your chapter complies with this IRS requirement. It is mandatory by the IRS and you will find that after the first year of filing the actual process will only take a few minutes.

Required IRS Language for Articles of Incorporation: click here.

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