The IRS recently announced an extension until March 30, 2012, for tax-exempt organizations that normally have a January or February return filing deadline. (more…)
Posts Tagged ‘IRS Form 990’
Filing a 990? Some Tax-Exempt Groups Receive a Deadline Extension
Tuesday, January 17th, 2012Is Your Group Still Exempt? 11,000 Ohio NFPs Lose Tax-Exempt Status
Friday, July 8th, 2011The IRS recently announced that nearly 11,000 Ohio not-for-profit organizations lost their tax-exempt status. Why? They failed to file an annual informational return for three consecutive years. (more…)
Got A Small Non-Profit? Your 990 Filing Might Be Easier This Year
Monday, February 21st, 2011If your not-for-profit organization doesn’t normally have annual gross receipts of more than $50,000, it may be able to file an e-postcard rather than the more extensive IRS Form 990 or Form 990-EZ. The IRS has increased the gross receipts filing threshold from $25,000 to $50,000 for eligible organizations effective for tax years beginning on or after January 1, 2010. (more…)
Is there a silver lining in revised 990 reporting requirements?
Monday, November 8th, 2010IRS Form 990 causes anxiety for many trustees of tax-exempt organizations. The form, expanded and revised beginning in the 2008 tax year, was designed to help organizations communicate their business operations more transparently to the IRS, members and the general public. (more…)
Has the IRS extended the 990 Filing Deadline?
Friday, June 4th, 2010Hundreds of thousands of not-for-profit organizations are in danger of losing their tax-exempt status because they missed a critical May 17 filing deadline, however smaller nonprofits are being thrown a lifeline by the IRS. The IRS is working to help organizations with annual receipts under $25,000 maintain their tax-exempt status and encourages these groups to go ahead and file the document even though the deadline has passed. (more…)
What should not-for-profit trustees know about the 990 Form?
Wednesday, May 5th, 2010In recent years, the IRS has made several revisions to its Form 990, the tax return for tax-exempt organizations. These changes focus on obtaining additional information that help organizations become more transparent to both the IRS and the general public. However, these changes also mean increased responsibilities for the trustees of these organizations. (more…)
