Professional Chapters and Regions Must File Tax Returns by May 15
Monday, February 20, 2012
Posted by: Paul Ziems, AITP Chapter and Region Support
Annual Electronic Filing Requirement for Small Exempt Organizations — Form 990-N (e-Postcard)
AITP Professional Chapters and Region whose annual gross receipts are normally $50,000 or less are required to electronically submit Form 990-N, also known as the e-Postcard, unless they choose to file a complete Form 990 or Form 990-EZ instead. Professional Chapters and Regions with gross receipts over $50,000 must file the appropriate tax forms (see below).
Chapters/Regions will lose their tax exempt status if they do not file tax returns
If you do not file your e-Postcard on time, the IRS will send you a reminder notice. There is no penalty assessment for late filing the e-Postcard, but an organization that fails to file required e-Postcards (or information returns – Forms 990 or 990-EZ) for three consecutive years will automatically lose its tax-exempt status. The revocation of the organization's tax-exempt status will not take place until the filing due date of the third year.
Due Date of the e-Postcard
The e-Postcard is due every year by the 15th day of the 5th month after the close of your tax year. Since all AITP chapters' tax year ended on December 31, taxes are due May 15. If the due date falls on a Saturday, Sunday, or legal holiday, the due date is the next business day. You cannot file the e-Postcard until after your tax year ends.
How to File
Click here to access the e-Postcard. When you access the system, you will leave the IRS site and file the e-Postcard with the IRS through their trusted partner, Urban Institute. The form must be completed and filed electronically. There is no paper form.
Information You Will Need To File the e-Postcard
The e-Postcard is easy to complete. All you need is eight items of basic information about your organization.
One of those pieces of information is your chapter's/region's EIN (Employer Identification Number), also known as TIN (Tax Identification Number). Most chapters and regions acquired an EIN by filing a Form SS-4 prior to requesting tax-exemption. If you do not know your EIN, you may be able to find it on your chapter's/region's bank statement. If you still cannot find your EIN you can ask the IRS to search for it by calling the Business & Specialty Tax Line at (800) 829-4933. Click here for more details.
Who Must File
All AITP Professional Chapter and Regions must file tax returns. AITP does not file a group tax return which means that each chapter and region is indvidually responsible for filing their own tax returns.
Professional Chapters and Regions with gross receipts that are normally $50,000 or less must file the e-Postcard.
Chapters or Regions with over $50,000 in gross revenue will still need to file the appropriate tax forms. (See IRS instructions for Form 990: http://www.irs.gov/pub/irs-pdf/i990.pdf).
Student chapters should work with their school to determine what tax filing rules apply to them.
If you have questions or would like to discuss the e-postcard further, please contact AITP Headquarters at (800) 224-9371.