New IRS Filing Requirements for Chapters
Most tax-exempt organizations with gross receipts under $25,000 must file Form 990-N. If your AMBUCS chapter normally has gross receipts over $25,000 you must file the full Form 990 tax return.
What is Form 990-N?
Form 990-N is a short form which is filed electronically on the IRS website. Go to www.irs.gov/charities to find the form and instructions. Look for the heading “Annual Electronic Filing Requirement for Small Exempt Organizations – Form 990-N (e-postcard).”
When must Form 990-N be filed?
For AMBUCS chapters, Form 990-N is due on the 15th day of the 5th month after the close of the tax year. That means AMBUCS chapters tax returns are due by October 15th of each year.
Is filing Form 990-N mandatory?
Yes. Failure to file Form 990-N can lead to loss of tax-exempt status.
Protect the tax-exempt status of your organization. Make sure the chapter files before the due date. Have the following information in front of you before you log onto the site:
• The chapter’s federal employer identification number. If you do not have your correct EIN or are unsure, contact AMBUCS Resource Center to see what number we have on file for your chapter.
• You will be asked to create a login and password for your chapters account. Your login is your chapter’s EIN number.
• Once you arrive at the e-postcard filing site, you will be requested to enter your chapter’s EIN.
• NOTE: Because you are part of National AMBUCS Inc group tax exemption, your EIN will show as “Organization Name: National AMBUCS Inc”. This is okay! On the next page you will be asked to enter your “dba” doing business as – name. This is when you will enter your chapter’s name.
• The chapter’s full name and address. This normally follows this format, “The Smallville Chapter of National AMBUCS Inc”
• The organization’s fiscal year end (That is May 31 for AMBUCS chapters).
• The name of a principal officer of the organization. This would be the President, Treasurer, or Secretary of the chapter.
• The organization’s website address if it has one.
• Confirm that the organization’s gross receipts for the tax year were $25,000 or less.
If you should need to know, or are filing a regular Form 990 Tax Return because your gross receipts are more than $25,000, and:
• If your chapter is included in the Group Tax Exemption, AMBUCS group number is 8069.
If you need help with this process, please contact Dannell Copeland at the AMBUCS Resource Center at 336-852-0052 ext. 15, or via email at [email protected].
