How to file taxes for a nonprofit organization
How to File your Nonprofit Taxes
Timecodes:
hey folks this is Steve with nonprofit
Ally and today we're gonna file our
taxes I know pretty exciting so first of
all the taxes that we're filing right
now are going to be for nonprofits who
make $50,000 or less per year right it's
a specific filing it's the form 990-n
it's called it's known as the e postcard
and the beautiful thing about it is it
literally is it's the size of a postcard
it's electronic postcard but it's very
small and it's free and you submit this
and it's it's that easy so if you have
gross revenue of 50,000 or less per year
you qualify or most likely qualify there
are other requirements but most likely
if your 501c3 with 50k or less per year
you qualify for this filing so cool the
link is below I want you to follow that
link and that's actually the page I'm on
now so if you go and click that link
you'll end up here
oh don't click it now because obviously
you're watching this video but I'm gonna
walk you through the filing here so the
page it's the IRS it's the IRS page it
has information about the file who has
to file and their due dates right you
need to know if you're in a calendar
year or fiscal year most likely you know
that and then accordingly it gives you
the due dates based on what type of
calendar or fiscal year that you're
following okay a little further down the
page I'm just sorry I'm scrolling so
fast is information on your fa cues and
all that other stuff so go ahead and
read through this it's it's actually as
far as the IRS goes this is it's in
English like it's really easy to read
it's not all the the tax mumbo-jumbo
that's hard to understand okay now let's
go ahead and file 990-n the electronic
filing for the e postcard alright so you
just go down here you click this right
of the file I'll also have a link to
this this actual link in the description
below now you come in to the login page
and this login page is a couple things
if you don't have an account already you
can sign up it's easy it's free it takes
five minutes put in your information and
you have an account but I already have
an account so I'm just going to go
here and I'm gonna log in it's a
multi-step process of course and so they
put in my password since I'm already
remember if you're not already a member
or if you don't ever have a login they
let you know every time you log in they
let you know when the last time someone
logged in it's kind of nice it's
security anyways we're gonna keep going
okay so once you have an account if this
is your first time filing you're gonna
have to setup your e post card profile
and so we're gonna go ahead and do that
right now and that's simply done on the
left hand side here where it says manage
a post card profile in fact if I tried
to submit my 990 without having a
profile I couldn't do it that button is
grayed out so we're gonna go here and
fill out this form cool so one by one
first we're going to select our exempt
organization I am the organization I am
NOT a preparer I am the organization so
that's me I am the user next is your ein
so I would recommend just having your
EIN information in front of you because
all the information got put in here is
going to be directly from that and
that's what I'm going to do now once you
have your EIN in it should show up it'll
pull it right in there so it should show
your organization's name and you can go
on to the next step so I'm going to
create my new filing now of course you
could have multiple ei ends or
businesses so you get to select the ein
that you're going to be using and that's
a simple drop down and there I am I am
going to continue now you're going to
have your organizational details so for
this case I'm actually filing early and
you're not allowed to do that so it may
not even let me go past this point
because there's my tax here and my
textures in March this is actually
January when I'm doing this video for
you because this is just a how-to I'm
not actually filing mine but I'm walking
you through it but hopefully they'll let
me continue we'll just assume that I am
within the right tax year and just fill
in the blanks
once you have your organizational
details in there you're presented with
another page this is your contact
information again just go through the
form and fill it out there's no trick
questions here if you have a DBA at
doing business as you can fill in that
name in our case noble pose Inc is our
legal name and we also go by noble pause
which is our DBA I guess because we
don't say Inc at the end so I'm going to
go ahead and add that and continue
filling the form up from there
okay so I've just filled out this form
and its entirety I've grayed out
obviously all my personal information
there is a question on here called
principal officer and the principal
officer is usually the IDI or the
president of your board it could
actually be a business it's like you're
an LLC you made your may your business
may be owned by a corporation of some
type but in this case is a non-profit
your principal officer is usually you
your treasurer your director or someone
like that cool so now at the very bottom
of this page guys you're done you are
done filling your taxes the very bottom
here you can see it says submit filing
just click that I am NOT gonna do that
because again like I said this is a demo
and I'm not I have a few more months
before at the file so I'm actually just
gonna cancel my filing right now because
this is so easy to fill out all right
folks that's it those that is how you do
your taxes not bad right all right so
remember all the links are down below
and thanks for watching
I hope it was helpful guys hey thanks so
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folks
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