If you’ve ever taken any economics courses – and maybe even if you haven’t – you’ve probably heard of the term ‘TANSTAAFL.’ If you’re unfamiliar with it, it stands for “There ain’t no such thing as a free lunch.” If you’ve never heard of the quote before, you’re probably thinking – “That’s not true! There’s definitely such as thing as a free lunch!” We at File 990 hate to break the bad news, but it’s absolutely true – even filing a free 990-N or 990-EZ form isn’t quite as free as you might first think it to be.

To show what we mean, as an example (and taken in the term’s most literal meaning), if you go to a cafeteria for lunch and they give you an egg salad sandwich, free-of-charge, you may thank your stars and think of yourself as the luckiest man or woman alive without thinking of all the downsides. However, you may have ended up missing out on the greatest turkey sandwich you would’ve ever had in your life. You may also end up getting sick eating a (very likely) old egg salad sandwich. Maybe the cafeteria worker will even consider you to be a mooch for accepting the offer and not help you out later on down the line. The possibilities can be endless, but one thing is for sure – don’t accept that egg salad sandwich so quickly!

So What Are the Downsides of Filing a Free 990-N or 990-EZ Form Then?

Much like the free egg salad sandwich example, there are downsides of filing a free 990 form as well. You may even find that it ends up costing you money in the long run. After all, with a free 990 form, you won’t be able to do the following:

  • A free 990 form won’t keep track of all of your previous year’s data through your profile.
  • You won’t get automatic email reminders telling you when it’s time to file your return.
  • You won’t have the ability to manage several chapters all through one convenient dashboard (whether you already have them or you’re planning to grow sometime in the future).
  • You won’t find a free 990 form that provides as fast or easy of a filing as you will with us at File 990.

Fill Out Your 990-N and 990-EZ Forms with Us at File 990!

If you’d like to spend the money to get a sure thing when it comes to filing your 990-N or 990-EZ form, we encourage you to go to our pricing page and choose which plan is best for you. If you have any questions for us, please don’t hesitate to contact us. We can’t wait to hear from you!