When a nonprofit organization incurs unrelated business income greater than $1,000, it must file Form 990-T in addition to form 990 (Full Form). Using the…
The 990 form can be prepared as soon as your fiscal year ends and your books from that tax year are closed. The IRS will not…
Failure to file a 990, or an extension by the due date, brings $20 per day fines until the 990 is filed ($10,000 or 5% of gross revenue maximum penalty per 990 owed). For nonprofit organizations earning more than $1,000,0000 in revenue, that fine becomes $100 per day the…
Since nonprofit organizations operate for the benefit of the general public, their financial filings are considered public records. A public charity must make available for public…
Organizations with less than $200,000 in gross revenue and assets under $500,000 qualify to file Form 990-EZ. The IRS also refers to 990-EZ as the Short Form return. For…
Private Foundations are a specific type of 501(c)(3) tax-exempt organization. All private foundations must file Form 990-PF instead of any other 990 verities, regardless of revenue…
Private Foundations are a specific type of 501(c)(3) tax-exempt organization. All private foundations must file Form 990-PF instead of any other 990 verities, regardless of revenue…
How do I know when to file my 990? 501c3 organizations are exempt from federal taxes. However, they must still file Form 990 with the…
An organization does not need to file their 990 prior to receiving their 501(c)(3) tax-exempt status, but they will need to file once they do! An organization…
Which 990 to file primarily depends on your revenue: Watch 990 Video!
