Tag Archives | Form 990

IRS Grants Relief to Certain Small Organizations that Lost Exempt Status

By Gabrielle Lessard, Esq. The IRS has published Notice 2011-43, which provides transitional relief for certain small organizations that lost their tax-exempt status because they failed to file an annual electronic notice for three consecutive tax years beginning in 2007.  Qualifying organizations will be able to file for reinstatement of their tax-exempt status, retroactive to the […]

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Important alert for nonprofit organizations – which federal tax form to file?

For the 2010 tax year, nonprofits need to comply with the following: 1.     If your organization’s gross receipts are normally $50,000 or less, you can file a Form 990-N – a simple filing (this threshold has been increased from $25,000 – thank you IRS!) 2.     If your organization’s gross receipts are greater than $50,000 but […]

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Second Chance for Non-Filing Nonprofits Ends October 15th

By Gabrielle Lessard, Esq. The deadline looms.  Small nonprofit organizations that failed to file the 990-N or 990-EZ for 2007, 2008 and 2009 will lose their tax-exempt status if they fail to file by October 15th.  (See earlier post IRS Announces One-Time Relief for Non-filing Organizations.) The IRS has made two types of relief available […]

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