Professional Chapters and Regions Must File Tax Returns by May 15
Thursday, March 14, 2013
Posted by: Paul Ziems, Association Treasurer
Electronic Filing Requirement for Small Exempt Organizations — Form 990-N
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
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
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,tax filings 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.
Click this link to the IRS to
learn about using the e-postcard to file your tax returns: http://www.irs.gov/Charities-&-Non-Profits/Annual-Electronic-Filing-Requirement-for-Small-Exempt-Organizations--Form-990-N-(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.
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.
Another way to find your EIN is to
look up previous e-postcards from your chapter:
- Go to: Exempt Organizations
- Click on the ”Exempt Organizations Select Check Tool”.
- Click the button for "Have Filed Form 990-N (e-Postcard)”
- Search for your chapter.
E.g. Fill in "AITP” in the name
field and fill in your chapter’s city and state.
- Click on Search.
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 individually
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 $50,000
or more 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.