​IRS 990 Form Due November 15

Tuesday, November 15 
​is the deadline to file your applicable IRS 990 form. 

Every PTA must file an information return with the IRS. WSPTA sample IRS instructions, login information, and schedules can be found in the password-protected Leadership Guides page of the website under the category Nonprofit Compliance Resources, IRS Information. Tuesday, November 15 ​is the deadline to file your applicable IRS 990 form. 
 
Which form do we file? 

• IRS Form 990-N (e-postcard) – if your PTA “normally” has gross receipts of less than $50,000 
• IRS Form 990-EZ – if your PTA’s gross receipts “normally” exceed $50,000, but less than $200,000 
• IRS Form 990 – if your PTA’s gross receipts are over $200,000 

The IRS will revoke the status of organizations that have failed to file a 990-series return for three consecutive years; these PTAs will automatically lose their tax-exempt status. Additionally, a PTA that fails to file a required return is subject to an IRS penalty of $20 per day for each day the failure continues. 

What if we need an extension? 

• There is no extension for the 990-N. 
• Requests for an extension for 990-EZ or 990 must be made by November 15 of the current year. File IRS Form 8868 (can file online) giving you until February 15 of the current year. You can request a further extension until May 15 of the current year, but it is not automatic (use same form to apply). 

How do we file?
You may use software offered by the exempt organization Modernized e-File providers listed on the IRS website at [irs.gov/2020eoefileproviders]irs.gov/2020eoefileproviders. For more information about your filing requirement, visit www.irs.gov/eoannualfiling.
 
Form 990-N
You must sign into the IRS modernized authentication platform using either the active IRS username or create an account with ID.me, the current IRS credential service provider.
Additional information regarding the annual filing requirements and the Form 990-N submission page can be found here.
Form 990-N filers have three options:

1. Sign in with their active IRS username: Users with an active IRS username have the option to access the Form 990-N submission page using their existing IRS credentials or they can choose to create a new account with ID.me.
2. Sign in with their existing ID.me account: Users that have an ID.me account to access other IRS online services or from a state or federal agency can sign in using their existing ID.me account.
3. Create a new ID.me account: Users that don’t have an active IRS username credential must register and sign in with ID.me.

ID.me account creation requires an email address and multifactor authentication. Form 990-N filers who have an existing IRS username and register for an ID.me account must use the same email address.

Note: The person filing needs to be an authorized individual of the PTA (any officer of the PTA) and she or he must have the authorization to act on behalf of the PTA.

Source: WSPTA Leadership News 11/3/22