A Brighter Way
A Brighter Way
If your not-for-profit organization doesn’t normally have annual gross receipts of more than $50,000, it may be able to file an e-postcard rather than the more extensive IRS Form 990 or Form 990-EZ. The IRS has increased the gross receipts filing threshold from $25,000 to $50,000 for eligible organizations effective for tax years beginning on or after January 1, 2010.
As a result, a larger number of small nonprofit organizations will no longer be required to complete the 990 or 990 EZ. However, these groups will still be required to complete the e-postcard annually. For additional information, visit the IRS website at www.irs.gov.
Click here for additional information on our Ohio Tax Services.
This article was originally published in Illuminations: Facts & Figures from people with a brighter way, a Rea & Associates enewsletter, Feb. 16, 2011 issue.
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.
