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IRS 990 Filing Requirements

*** Filing for 2011 UPDATE***

2011 Final Form 990: The IRS has posted on its website the final Form 990  for tax years beginning in 2011 and instructions. The IRS also released a chart detailing the significant changes to the 2011 forms, which have been revised to modify and clarify certain reporting requirements.

Filing Date: The IRS announced December 16 that the filing date for tax-exempt organizations with annual returns due in January and February will be March 30, 2012. The extension applies to organizations that electronically file Forms 990, 990-EZ, 990-PF, or 1120-POL.

Form 990-N filers are not affected and no form needs to be filed to get the March 30 extension. IRS said it moved the filing deadline because the part of the service's Modernized e-File system will be offline during January and February.

Filing Requirements
All tax-exempt organizations are required to file an annual information return (Form 990, 990-EZ, 990-PF, 990-N, etc.) on the 15th day of the fifth month following the end of their fiscal year. The IRS has released Revenue Procedure 2011-15, modifying previous guidance related to the filing requirements for small charities.

Beginning in tax year 2010:

  • Organizations with annual revenues UNDER $50,000 are required to file a Form 990-N, also known as an e-Postcard. Please click here to file a Form 990-N and learn more about the Form 990-N.
  • Organizations with annual revenues GREATER than $50,000 and LESS than $200,000 are required to file a Form 990 or a Form 990-EZ.  Some states have different requirements for organizations that are permitted to file the Form 990-EZ and it is important to consult the filing rules and requirements for the state in which an organization is incorporated.
  • Organizations with annual revenues GREATER THAN $200,000 are required to file a Form 990.
  • Private foundations (as described under section 509(a) of the tax code) are required to file Form 990-PF.
  • Organizations with unrelated business income may be required to file a Form 990-T in addition to the Form 990 or Form 990-N. LEARN MORE.

Electronic filing of the annual information returns filed by nonprofit organizations will enhance tax compliance and transparency, improve oversight and enforcement by the IRS, and provide more timely, accurate information to the public. Learn about the current requirements for e-filing the Form 990 and about efforts to expand the number of forms that are e-filed.

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