My leadership team is freaking out. We are one of those groups in the 990N discussion. We got our EIN in June 2010 and opened a checking account in December 2010. We always have under $5,000 pass through our books every year.
We have never called the IRS to be added to the 990N list because of lack of knowledge.
Since we have never called to be on the list in the first place could it be, I pray, as simple for us to just call and get on the list and start filing the 990N form?
Sorry this has upset your leadership team.
Wouldn’t have been nice if the IRS had made it easier to comply when you learn about the 990N?
But unfortunately, they revoked your status automatically after 3 years of failing to file the Form 990N, even though you never officially applied.
Then to make things worse, the IRS requires you to file an IRS form to get reinstated, even though you never had to file any application form in the first place (because your gross income is under $5,000/year).
Here’s my flowchart of the process to get tax exempt status reinstated.
Fortunately, the IRS created Form 1023EZ which is only 3 pages and a lot simpler to fill out than the longer 26-page Form 1023.
HomeschoolCPA’s Recommended Consultants can help advise homeschool organizations. These qualified, experts in homeschool groups offers consultations to homeschool leaders. Some of the consultants also help homeschool groups apply for 501c3 tax exempt status.
This 90 minute webinar 501c3 Application for Homeschool Nonprofits will explain the pros and cons of tax exempt status, what is needed before applying for tax exempt status, the cost and steps to take, and an explanation of the IRS Form 1023-EZ line-by-line. All created for homeschool groups by CPA Carol Topp.