Nonprofit organizations are now able to prepare and e-file their 2014 Form 990-N with Aplos Software’s user-friendly online software for no charge. To maintain tax-exempt status, The IRS requires organizations with less than $50,000 in annual receipts to submit this annual informational return.
Aplos Software, a web-based software and authorized IRS e-file provider, announced today that its tax preparation and filing software, Aplos e-File, is now accepting IRS Form 990-N returns for the 2014 fiscal year. Form 990-N (e-Postcard) for the current year can be filed for free and prior years can be filed for $19.99 per return. The web-based tax preparation software can be accessed at https://www.aplos.com/irs-form-990-efile.
Form 990-N is a short electronic return for organizations whose annual receipts are normally $50,000 or less. Aplos e-File takes the tax-exempt organization through the form step-by-step, provides relevant tips and guidance, and ensures that all needed information is included. When complete, Aplos e-File submits the return electronically to the IRS and provides a copy of the return for their records.
“Effectively managing a nonprofit starts with being up-to-date with all the required IRS returns to maintain tax-exempt status,” said Tim Goetz, CEO and co-founder of Aplos Software. “We’ve streamlined the 990-N process for nonprofits by making it simple and free to use. As a result, these organizations can confidently submit their forms and continue to move forward with their mission.”
The deadline for submitting Form 990-N is the 15th of the fifth month after the close of the organization’s tax year. Nonprofits that start a new fiscal year on January 1 are now eligible to submit their 2014 return and their Form 990 filing deadline is May 15, 2015.
If an organization fails to file the form three years in a row, the organization will automatically lose its tax-exempt status with the IRS. There are no penalties if a Form 990-N is submitted late. Visit http://www.irs.gov for more information about annual reporting requirements.
Organizations that do not need to file the IRS form include organizations that are part of a group return, churches and their auxiliaries, conventions or associations, and organizations that are required to file a different return.
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