Small nonprofit organizations who need to file a Form 990-N can do so for free using Aplos Software, the company has announced. Prior year returns can be filed for $19.99 each. The web-based tax preparation software can be accessed at www.aplossoftware.com.
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.
“Our mission is to make managing a nonprofit simple and that starts with required IRS returns to maintain their tax-exempt status,“ said Tim Goetz, co-founder of Aplos Software. “The majority of the nation’s nonprofits are small, so we made Form 990-N free and simple. As a result, these organizations can confidently submit their return and continue 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 2013 return and their Form 990 filing deadline is May 15, 2014. 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.