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990 POSTCARD PROFESSIONAL
In fact, if you are required to file the 990 or 990-EZ period, I recommend getting professional help as the penalties for incorrect or incomplete forms can be quite steep.Īplos is one of the trusted partners of the IRS that offers e-filing of the Form 990-N (e-Postcard) FREE for the current year.
As with everything else with the IRS, there are always exceptions to the rules, so if in doubt which form your organization is required to file, consult a knowledgeable tax professional.
All other nonprofit organizations with more than $200,000 and or $500,000 (total assets) are generally required to file the 990 form. That form can be up to 28 pages with required schedules you may (or may not) need and in-depth financials. If your organization has gross annual receipts that average more than $50,000, but less than $200,000 and less than $500,000 in total assets, you are generally eligible to file a Form 990-EZ. Small nonprofit organizations with an average gross income under $50,000 do not have to file one of the extensive 990 forms, but they are required by law to file an annual 990-N ( e-Postcard). Organizations recognized as exempt from Federal income tax that does not fall under the above exempt categories - generally must file an annual information return ( Form 990, 990-EZ or 990-N) - if it has averaged more than $50,000 in gross receipts over the past three tax years. Out this information on this page: Tax Exempt Status Recognition from the IRS with a 1023 form and been approved, check yourĥ01(c)(3) letter and see what the IRS classified you.