FORM 990 ANNUAL IRS FILING REQUIREMENT
Most exempt organizations are required to file an annual return. Which form an organization must file generally depends on it's financial activity, as indicated below.
Small Exempt Organizations - FORM 990-N
Form 990-N is a much shorter version of the complete Form 990. Small exempt organizations and charities that have gross receipts of $50,000 or less in a year will file Form 990-N. Like all other Forms 990, it is due on the 15th day of the 5th month. (Learn more about Form 990-N)
Short Form - FORM 990-EZ
Form 990-EZ is the form that tax-exempt organizations use to report income, expenses, and other company information to the IRS. It is used by organizations totalling in gross receipts of less than $200,000 or total assets of less than $500,000. (Learn more about Form 990-EZ)
Long Form - FORM 990
Form 990, tax exempt and non-profit informational returns. It is very long and can be a bit intense the first time around. This form is used by organizations that have gross receipts greater than or equal to $200,000 or total assets greater than or equal to $500,000 at the end of the tax year.
Some organizations that meet the requirements for this form don't have to file it, including: small non-profits, faith-based organizations, subsidiaries of other non-profits, religious schools, missions, state institutions, and government corporations. (Learn more about Form 990)
Return of Private Foundation -
Form 990-PF is a tax return that private foundations use to report fiscal information and a complete list of grants, along with other information to the IRS.
This Form applies to exempt and taxable private foundations and also to non-exempt charitable trusts which are treated as private foundations. Similar to other 990 returns, Form 990-PF is due by the 15th day of the 5th month after the tax year ends. (Learn more about Form 990-PF)
EXEMPT ORGANIZATION EXTENSION
Extension Form 8868 is a tax form used to apply for an extension of time to submit IRS 990 returns for tax-exempt organizations, and it grants an automatic 6-month extension to your IRS filing deadline.
Form 8868 deadlines are the same as Form 990 deadlines, which are the 15th day of the 5th month after the end of an organization’s accounting period. Any tax-exempt organization may file for an extension, no explanation is necessary. (Learn more about Form 8868)
Useful Blog Links
- All About the EO Select Check
- How Does An Organization Receive 501(c)(3) Status?
- Tax Guide To File Form 990-EZ With The IRS
- Reminder: Don't Include SSN on Form 990-EZ
- How To Recover Payments Due to IRS Penalties
- How To Reinstate Tax-Exempt Status
- What Can Cause Your Tax-Exempt Status To Be Revoked?