The cyberbanking apprehension (or e-Postcard) is a accouterment of the Pension Protection Act of 2006 and applies to baby tax-exempt organizations – organizations not appropriate to book Form 990 or 990-EZ because their gross receipts are commonly $25,000 or less. Not all baby tax-exempt organizations will accept to book the e-Postcard. Some exceptions are organizations included in a accumulation acknowledgment and clandestine foundations appropriate to book Form 990-PF. Also, the e-Postcard claim does not administer to churches, their chip auxiliaries, and conventions or associations of churches.
The Internal Revenue Service started commitment belletrist to baby tax-exempt organizations in July 2007. The belletrist acquaint these organizations of their abeyant claim to book the e-Postcard. IRS is developing an cyberbanking filing arrangement for the e-Postcard and will advance filing procedures back the arrangement is completed and accessible for use. There will not be a cardboard Form 990-N.
It’s actual important that organizations appropriate to book the e-Postcard do so anniversary year or they accident accident their tax-exempt status. The Pension Protection Act requires the IRS to abjure the tax-exempt cachet of any alignment that does not accommodated its anniversary filing claim for three after years.
If you would like added advice on the e-Postcard, including notification of back the filing arrangement is ready, assurance up for Absolved Organization’s EO Update, an e-mail newsletter that highlights new issues and activities affecting absolved organizations. To subscribe, go to www.irs.gov/eo and bang on “EO Newsletter.” Advice on tax-exempt organizations, including the e-Postcard, can be begin on the IRS Web armpit at www.IRS.gov.
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