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Form 990 requirements

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					 The Pension Protection Act of 2006 mandates that all non-profit organizations, other than churches
and church related organizations, must file an information form with the IRS. Any organization that fails
           to file for three consecutive years automatically loses its federal tax-exempt status.

 Form 990-series information returns are due on the 15th day of the fifth month after an organization’s fiscal
year ends. Organizations can request an extension of their filing date by filing Form 8868 by the original due
      date. Absent a request for extension, there is no grace period from filing by the original due date.

Any tax-exempt organization that has not filed the required form in the last three years automatically
will lose its tax exempt status effective as of the due date of the annual filing. Under the law, the IRS
                                does not have discretion in this matter.

              A list of revoked organizations will be available to the public on the IRS web site.

If an organization loses its exemption, it will have to reapply with the IRS to regain its tax-exempt status. Any
           income received between the revocation date and renewed exemption may be taxable.




  Form 990 Series - Which Forms do Exempt Organizations File? (Filing Phase-In)

 Most tax-exempt organizations are required to file an annual return. Which form an organization must
file generally depends on its financial activity, as indicated in the chart below. The chart also shows the
   transition period for exempt organizations required to file a redesigned annual return beginning with
                             2008 tax years (returns filed beginning in 2009).


                                 2007 Tax Year                               Form to
                            (Filed in 2008 or 2009)                            File     Instructions
      Gross receipts normally ≤ $25,000
      Note: Organizations eligible to file the e-Postcard may choose to       990-N          n/a
      file a full return.
                                                                              990-EZ
                        Gross receipts < $100,000, and
                                                                                         Instructions
                           Total assets < $250,000
                                                                              or 990
                         Gross receipts ≥ $100,000, or
                                                                               990       Instructions
                           Total assets ≥ $250,000
                               Private foundation                             990-PF     Instructions
                                 2008 Tax Year                               Form to
                            (Filed in 2009 or 2010)                            File     Instructions
                     Gross receipts normally ≤ $25,000
       Note: Organizations eligible to file the e-Postcard may choose to      990-N          n/a
                                file a full return
                                                                              990-EZ
                        Gross receipts < $1 million, and
                                                                                         Instructions
                          Total assets < $2.5 million
                                                                              or 990
                         Gross receipts ≥ $1 million, or
                                                                               990       Instructions
                          Total assets ≥ $2.5 million
                               Private foundation                             990-PF     Instructions
                                   2009 Tax Year                            Form to
                                                                                      Instructions
                              (Filed in 2010 or 2011)                         File
        Gross receipts normally ≤ $25,000
        Note: Organizations eligible to file the e-Postcard may choose to   990-N         n/a
        file a full return
                                                                            990-EZ
                         Gross receipts < $500,000, and
                                                                                      Instructions
                          Total assets < $1.25 million
                                                                            or 990
                          Gross receipts ≥ $500,000, or
                                                                             990      Instructions
                           Total assets ≥ $1.25 million
                                 Private foundation                         990-PF    Instructions
                              2010 Tax Year and later                       Form to
                              (Filed in 2011 and later)                       File    Instructions
        Gross receipts normally ≤ $50,000
        Note: Organizations eligible to file the e-Postcard may choose to   990-N         n/a
        file a full return
                                                                            990-EZ
                         Gross receipts < $200,000, and
                                                                                      Instructions
                            Total assets < $500,000
                                                                            or 990
                          Gross receipts ≥ $200,000, or
                                                                             990      Instructions
                            Total assets ≥ $500,000
                                 Private foundation                         990-PF    Instructions


Additional forms, schedules, and instructions are available:

          Current tax year
          Prior tax years




                                              Page Last Reviewed or Updated: December 14, 2011

				
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