Nonprofit Annual IRS Tax Return Due Soon!

Some nonprofit tax-exempt organizations wrongly assume that they are exempt from filing Annual Returns with the IRS. On the contrary, most small and all large tax-exempt organizations must submit IRS Annual Returns to maintain tax-exempt status, and to avoid fees and penalties.

Small tax-exempt organizations (those normally with annual gross receipts up to $25,000) are required to file IRS Form 990-N. Large tax-exempt organizations (those normally with annual gross receipts over $25,000) are required to file IRS Form 990 or 990-EZ.

The return is due on the 15th day of the 5th month after the end of the organization's fiscal year. (For example, the 2008 return of an organization whose fiscal year ended on December 31, 2008, would be due May 15, 2009).

The Firm can assist your nonprofit tax-exempt organization in filing its Annual Return. Please ContactUs@DandridgeLaw.com for more information regarding this post or our services.

Labels: nonprofit, Nonprofit Annual Return, Nonprofit Tax Return

---