If you’re looking to file your nonprofit taxes when you’re a tax-exempt organization, we encourage you to come do it with us at File 990. You won’t find an easier way to file your returns as our system offers an unparalleled quality with an easy-to-use-and-understand interface. We’ll safely store your information so that you won’t have to reinsert information from previous years and we’ll also give you constant reminders on when it’s time to file your nonprofit taxes so you don’t forget about it. Having said all that, you may not be so sure about the very first step when it comes to filing – which form to fill out. Smaller nonprofit organizations have two forms to use: the 990-N and the 990-EZ. We’ll explain to you the circumstances when each one is appropriate.

What Are the 990-N and the 990-EZ?

The 990-N (also known as a 990-N e-Postcard) and the 990-EZ forms are used by tax-exempt organizations so that they can provide the IRS with information regarding the organization’s mission, programs, and finances. Nonprofit organizations are required to fill out either a 990, a 990-N, or a 990-EZ.

What Are the Differences Between the Two?

While figuring out what type of annual return you have to file may seem complicated, it’s actually not! It’s based on your organization’s financial activity and it follows these simple guidelines:

  • The 990-N (or 990-N e-Postcard) is an eight-question, electronic return that nonprofit organizations may file if their gross receipts (total revenue from all sources in a fiscal period) are normally equal to or less than $50,000.
  • The 990-EZ is a two-page return that nonprofit organizations may file if their gross receipts are less than $200,000 and their total assets are less than $500,000.
  • If either gross receipts are equal to or greater than $200,000 or the total assets are equal to or greater than $500,000, a 990 would need to be filled out.

File Your Nonprofit Taxes with Us at File 990!

If you’re looking to get started filing your annual return for nonprofit taxes, feel free to head over to our pricing page and choose which one between the 990-N and the 990-EZ is appropriate for you. If you have any questions for us, please don’t hesitate to contact us. We’re looking forward to making your filing so much simpler and more hassle-free!