If you file 990-N late, you will receive a reminder notice from the IRS to the last address they have on records. While there is no penalty assessment for filing Form 990-N late, organizations that fail to file for three consecutive years will have their tax-exempt status revoked by the IRS.
There is relief on the due date for exempt organizations filing 990-N due to COVID-19. The due date for filing a Form 990-N (e-Postcard) is on the 15th day of the 5th month after the tax year ends. If the 15th day of the 5th month falls between April 15 and June 15, the due date is July 15, 2020.
For instance, all exempt organizations whose fiscal tax year ends either on November 30, December 31, or January 31, the due date to file Form 990-N are July 15, 2020. That's because the 15th day of the 5th month falls between April 15 and June 15 window. If that day falls on a Saturday, Sunday, or a legal holiday, the filing can be done on the next business day.
If the Exempt organization follows a calendar tax year, the due date to file their annual return by July 15, 2020. To calculate the due date of your organization, check out our Due Date Calculator.