We are writing to remind you that the deadline for filing the IRS Form 990-N is November 15th. If you or another officer of your chapter has not filled out the online e-Postcard, please do so now to protect your tax-exempt status with the IRS. The original e-mail sent to all AGO chapters earlier this year regarding this new requirement is copied below for your review. As always, don't hesitate to call us at AGO National Headquarters if you have questions. Please contact either one of the following staff members: Jennifer Madden, Director of Membership & Administration, at 212-870-2311, ext. 4304; Jin Kang, Manager of Membership, Graphic Artist, at 212-870-2311, ext. 7512.
NEW TAX FILING REQUIREMENTS FOR AGO CHAPTERS
IRS PUBLISHES FORM 990-N
Dear Chapter Deans and Other Officers:
As previously announced, the IRS has implemented a new reporting requirement for nonprofit organizations with gross receipts of less than $25,000. If your chapter falls within this parameter, it will need to file an annual electronic notice called Form 990-N. Form 990-N is an electronic postcard that is simple and easy to complete.
The due date for the e-Postcard is November 15, 2008. It will reflect the chapter's operations for the July 1, 2007 - June 30, 2008 fiscal year. (The due date is technically the 15th day of the 5th month following the close of your fiscal year.)
IRS PUBLISHES FORM 990-N
Dear Chapter Deans and Other Officers:
As previously announced, the IRS has implemented a new reporting requirement for nonprofit organizations with gross receipts of less than $25,000. If your chapter falls within this parameter, it will need to file an annual electronic notice called Form 990-N. Form 990-N is an electronic postcard that is simple and easy to complete.
The due date for the e-Postcard is November 15, 2008. It will reflect the chapter's operations for the July 1, 2007 - June 30, 2008 fiscal year. (The due date is technically the 15th day of the 5th month following the close of your fiscal year.)
INFORMATION YOU WILL NEED TO COMPLETE THE E-POSTCARD
You should access this form and complete it after the close of your fiscal year.
You can learn more about the requirements at the IRS website.
If your chapter's gross income during the tax year is more than $25,000, you will need to file IRS Form 990 (Return of Organization Exempt from Income Tax). Form 990-N will not replace this requirement.
- Chapter Name
- Chapter Mailing Address (If your chapter does not have a chapter mailbox, you can use your Dean's address)
- Chapter Website (if you have one)
- Chapter EIN Number (This is your Chapter's Tax Identification Number. If you do not know your chapter's EIN, National Headquarters staff will provide it to you over the phone.)
- Name of the Dean and his/her address
- Chapter's annual tax period (See above)
- Verification that your chapter's income is still normally $25,000 or less (You can do this by preparing the Chapter Income/Expense Statement Worksheet that is provided in the Chapter Management Handbook and online in the Chapter Management section here.
You should access this form and complete it after the close of your fiscal year.
You can learn more about the requirements at the IRS website.
If your chapter's gross income during the tax year is more than $25,000, you will need to file IRS Form 990 (Return of Organization Exempt from Income Tax). Form 990-N will not replace this requirement.
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