The Internal Revenue Service has announced new filing thresholds for next year for tax-exempt organizations filing Form 990 series returns.
Organizations with gross receipts normally less than or equal to $50,000 must file Form 990-N (but may choose to file a complete Form 990 or Form 990-EZ). In prior years only organizations with gross receipts normally less than or equal to $25,000 could file the Form 990-N, also known as an "e-postcard."
Organizations with gross receipts greater than $50,000 and less than $200,000, and total assets less than $500,000, must file Form 990-EZ or a complete Form 990.
Organizations with gross receipts greater than or equal to $200,000, or total assets greater than or equal to $500,000, must file Form 990.
Private foundations must file Form 990-PF.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access