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Attention All Tax Exempt Organizations

Kelly Leslie
Sep 12, 2007

Tax exempt organizations with gross receipts of $25,000 or less have not been required to file a 990 in the past, but beginning in 2008 they may be required to file Form 990-N.

Form 990-N needs to be filed electronically and will provide the IRS with the following information:

• Organization's name
• Organization's mailing address
• Organization's Web site address
• Organization's Employer Identification Number
• Name and address of principal officer in organization
• Organization's annual tax period
• Verification of organization's annual gross receipts

Failure to file the annual electronic notice for three consecutive years will result in the IRS revoking the tax-exempt status of the organization. There are some exceptions to the requirement to file the 990-N.

If you would like more information regarding the 990-N, please contact your Rea & Associates representative.

This article was originally published in Illuminations: Facts & Figures from people with a brighter way, a Rea & Associates enewsletter, 9/12/2007.

Note: This content is accurate as of the date published above and is subject to change. Please seek professional advice before acting on any matter contained in this article.

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