Tackling Taxes

Tackling Taxes

AStep-by-StepGuide

toForms990Nand990EZ

NACEchaptersneed

to fileFederaltaxes

•Whydo weneed tofiletaxes?

•Howdowegetstartedandwhatformdowe

use?

Form990

•WhatistheForm 990

•Whichformdo weuse?

•ChapterswhohaveLESSthan$50,000

in grossreceiptsusethe990Nform.

•ChapterswhohaveMOREthan

$50,000ingrossreceiptsuse the990EZ

form.(If you have questions about the 990EZ email Christen, )

Completingthe990N

•Whatyou needtocompletetheform 990N

•Employeridentificationnumber(EIN),alsoknownastheTaxpayer Identification Number (TIN):PLEASENOTE,ifyoudonothaveyour EIN,pleasecallthenationalofficesowemay providethatto you.

Completingthe990N

(continued)

•Taxyear(ifyour bylawssay your fiscal yearendson December31, yourtaxform990Nisdue byMay15).

•Legalnameandmailing address(thiswillbeyourchapter’snameandmailingaddressat whichyourcorrespondencearesent).

Completingthe990N

(continued)

•Anyothernamestheorganizationuses

•Nameandaddressofaprincipalofficer(Thisis

the president)

•Websiteaddressifthe organizationhasone

Completingthe990N

(continued)

•Confirmationthattheorganization’sannualgross

receipts arenormally$50,000or less.

•Ifapplicable,a statementthattheorganizationhasterminatedoristerminating(goingoutofbusiness)

HowcanIfile?

•Filingis easy

•990Ncan onlybedoneonline,thereis

nopaperform:

Completingthe990EZ

•Whatyou needtocompletetheform 990EZ

•Employeridentificationnumber

•Website

•Financialinformation(budgetrevenue,

expenses,etc.)

•Listofallboardmemberswithaddresses

•Instruction link is below

What you needtoknow

TheIRSwillNOTtalktoNACENational about your chapter’s taxes.

Questionsaboutyourchapter’s

taxreturn?

TheIRSprovidesresources!

Who tocall?

•Forquestionsaboutfilingthe990N orthe990EZ,contacttheCustomerAccountServicesdepartmentattheIRSat877-829-5500

Questions?