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Tax Exempt Entity Filing

Tax Exempt organizations are reminded of the requirement to file their annual information returns by May 15, 2018, or risk having their federal tax-exempt status revoked. Many small organizations can file Form 990-n (the e-postcard) to meet their annual filing requirement.

IRS has cautioned tax-exempts not to include Social Security numbers or other unneeded personal information on their Form 990 and to file electronically when possible.

Which annual return a tax-exempt organization needs to file generally depends on its gross receipts, total assets, or the type of organization it is. For example:

  • An organization with annual gross receipts of $200,000 or more, or total assets of $500,000 or more at the end of the tax year, must file Form 990, Return of Organization Exempt from Income Tax.
  • An organization with annual gross receipts of less than $200,000 and total assets of less than $500,000 at the end of the tax year may file Form 990-EZ, Short Form Return of Organization Exempt from Income Tax, instead of Form 990.
  • Organizations that normally have $50,000 or less in annual gross receipts must file either Form 990-N (e-Postcard), or can choose to file Form 990 or Form 990-EZ instead. Organizations must file Form990-N electronically. Supporting organizations can't file Form 990-N.
  • All private foundations file Form 990-PF.

For more information see IRS News Release 2018-117.

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