2016 Form 990 or 990-EZ (Schedule N). Liquidation, Termination, Dissolution, or Significant Disposition of Assests - irs-2025

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Form 990-N, also known as the e-postcard, is the IRSs electronic form for tax-exempt organizations with annual gross receipts of less than $50,000. Form 990-EZ, the IRS form required for midsized tax-exempt organizations with annual gross receipts between $50,000 and $200,000.
Complete Schedule N (Form 990 or 990-EZ), Liquidation, Termination, Dissolution or docHub Disposition of Assets. Include a description of the assets and any transaction fees, the date of distribution, the fair market value of the assets and information about the recipients of the assets.
Schedule N is necessary for organizations striving to maintain transparency and compliance with the IRS. It is generally filed by tax-exempt organizations to report going out of existence or disposing of more than 25% of its net assets through sale, exchange, or other disposition.
Most small tax-exempt organizations whose annual gross receipts are normally $50,000 or less are required to electronically submit Form 990-N, also known as the e-Postcard, by the 15th day of the 5th month after the close of your tax year.
Form 990-EZ can be filed by organizations with gross receipts of less than $200,000 and total assets of less than $500,000 at the end of their tax year.
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The following organizations cannot file Form 990-N (the e-Postcard) but must file different forms instead: Gross receipts over $50,000: Tax-exempt organizations with annual gross receipts that are normally greater than $50,000 must file Form 990 PDF or Form 990-EZ PDF. Private foundations must file Form 990-PF PDF.
Form 990-N: This form can be filed by organizations whose gross receipts are $50,000 or less. Form 990-EZ: This form can be filed by organizations whose gross receipts are $200,000 and assets $500,000.
The 990 EZ Form is for small- to medium-sized organizations that have gross receipts of less than $200,000 and less than $500,000 in total assets at the end of the year. This includes: Tax-exempt organizations.

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